Fitch Ratings expects Brent crude to be about $55 in 2016 and $65 a barrel in 2017

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9 December 2015

Fitch Ratings expects Brent crude to be about $55 in 2016 and $65 a barrel in 2017

Fitch Ratings released its oil price forecasts on Tuesday. The agency expects Brent crude to be about $55 in 2016 and $65 a barrel in 2017.

Fitch noted that low prices will continue to weigh on the sovereign credit ratings of major exporters in 2016.

"Vulnerability varies but the impact could be felt through negative sovereign rating actions," the agency noted.

Bank of Canada Governor Stephen Poloz: the Canadian economy will continue to recover in 2016

Option expiries for today's 10:00 ET NY cut

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