Crude Oil Prices to Cool Down Soon, Fitch Predicts Return to Old Rates for Full Year

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Fitch: Crude Oil Prices to Stabilize, Brent at $63/Barrel by 2026 Despite Tensions

ईरान युद्ध की वजह से क्रूड के भाव 15 फीसदी तक बढ़ गए हैं.

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News18•05-03-2026, 16:17

Fitch: Crude Oil Prices to Stabilize, Brent at $63/Barrel by 2026 Despite Tensions

•Fitch Ratings forecasts Brent crude to average $63 per barrel in 2026, despite current West Asia tensions.
•Global oversupply is expected to limit significant price increases, with Strait of Hormuz disruptions seen as temporary.
•Current US-Iran conflict and West Asia tensions have pushed Brent crude from $66-67/barrel to $82-84/barrel.
•The Strait of Hormuz, crucial for 20 million barrels of oil daily, faces temporary avoidance by ships due to attack risks.
•Wars in major oil-producing regions like the Middle East directly impact global crude supply and prices.

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