Fitch Ratings expects WTI crude price to be $45 a barrel in 2016

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21 January 2016

Fitch Ratings expects WTI crude price to be $45 a barrel in 2016

Fitch Ratings said on Wednesday that it expects WTI crude price to be $45 a barrel in 2016. In stress case, WTI crude price is expected to $35 a barrel.

"Fitch believes oil prices in the current $30/barrel spot range are not sustainable over a protracted period, as they cover cash costs but not the replacement of developed reserves," the agency said.

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