Fitch expects Oil prices to remain flat in 2017

Ratings agency Fitch cheered the OPEC deal but does not see it boosting oil prices in 2017.

The agency warned that prices are unlikely to move much higher than they are now, expecting them to “flatline” next year.

Fitch is expecting Brent prices to average US$ 45 per barrel in 2017, which is just $1 above the 2016 average.