Fitch Forecasts Brent Crude at $100–$110 per Barrel Through July, Declining to $70 by September Amid Strait of Hormuz Blockade

According to Fitch Ratings, Brent crude oil prices are forecast to maintain $100–$110 per barrel during May–July amid Strait of Hormuz blockade concerns.

The rating agency projects prices will decline to $70 per barrel by September following the blockade period.

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