Fitch sees downside risks to its $87/barrel Brent forecast for 2026

PSX Update • Aug 8, 2026

Fitch Ratings says its base-case Brent oil price assumption of $87 a barrel on average for 2026 faces growing downside risk, even though the forecast already builds in a substantial geopolitical premium for renewed Middle East hostilities, including

August 08, 2026 (MLN): Fitch Ratings says its base-case Brent oil price assumption of $87 a barrel on average for 2026 faces growing downside risk, even though the forecast already builds in a substantial geopolitical premium for renewed Middle East hostilities, including the possibility of a short-term hot war. The rating agency attributed the downside risk to a material cushion built into its price assumption, add...