According to Fitch rating agency, oil prices will continue to fall in the future. It forecasts the average price of Brent at $70 this year, next year it expects it to fall to $60, in 2024 - to $53. The agency believes that the price decline will continue in the coming years. In this case it may become deeper, if the situation with pandemic coronavirus again worsens, says Fitch. OPEC+ has been taking measures to control production levels, but their effectiveness could be reduced if some countries increase the amount of oil they produce. In particular, Russia, the Arab Emirates and Kuwait are making such plans. Currently, the price of Brent is at its peak - it exceeded $90 on Wednesday, which was the last time it exceeded $90 eight years ago. However, Fitch believes this is due to an artificially created supply shortage. Another factor pushing prices up, the agency calls geopolitical risks (at the moment it is the growing tension around relations between Russia and Ukraine).