Fitch: Raises 2027 Brent oil price forecast to $70 per barrel

BlockBeats news, September 23 - Fitch Ratings' latest report states it has raised its 2027 Brent crude oil price forecast to $70 per barrel. Due to obstruction of LNG transport through the Strait of Hormuz, it has raised its natural gas price assumptions for the Dutch Title Transfer Facility (TTF). The report notes that Brent oil prices are expected to decline after the capacity of the (Saudi) East-West oil pipeline is restored.