Attention! Important information.

Dear visitor, your ip address refers to the country in which the company's services cannot be provided.
The list of these countries includes: USA, Japan, North Korea, canadian provinces of British Columbia, Quebec and Saskatchewan.

Please accept our apologies. With best regards,

The previous Monday began for the world oil market with growth due to the news that the OPEC + countries in July reduced the degree of compliance with the terms of the Vienna agreement to 109%.

A month earlier, in June, the implementation rate was 121%. However, the growth was short-lived and stopped the next day. On the same day, the Financial Times reported that the Saudi Arabian state oil company Saudi Arabian Oil Co. (Saudi Aramco) has lost perpetual right to develop oil and gas fields of the country, now this term is limited to 40 years. Reuters reported on August 22 that Saudi Aramco is postponing an IPO for an indefinite period. Later, the company denied this information, and Saudi Energy Minister and Chairman of the Board Khalid Al-Falih noted that the government is still committed to the initial placement of Saudi Aramco shares.

On Tuesday, there was even a slight decline in quotations. The price of November futures for the North Sea petroleum mixture Brent was 0.03% down to 76.48 dollars per barrel, October futures for WTI oil - 0.04% to 68.84 dollars per barrel.

After a pause in one day the growth continued and its pace accelerated because of the optimism of the “bulls”. The price of November futures for the North Sea oil blend of Brent brand grew by 0.39% to $ 76.59 per barrel, October futures for WTI oil - by 0.6%, to $ 68.94 per barrel. As a positive factor for the oil market remained a new trade agreement between the US and Mexico. US President Donald Trump previously announced that agreements have been reached with Mexico to conclude a new trade agreement in place of the current trilateral agreement of the United States, Mexico and Canada on the North American Free Trade Area (NAFTA). He also added that it has not yet been decided whether Canada will join this agreement or whether it will negotiate a separate treaty with it.

On Thursday the positive dynamics continued. The main reason was the publication of weekly statistics from the US Department of Energy on oil reserves in the country. According to the report commercial oil reserves in the US for the previous week fell by 2.6 million barrels, although analysts expected the decrease in stocks of only 0.7 million barrels. As a result, the value of November futures for the North Sea oil blend of Brent brand grew by 0.22% - to 77.63 dollars per barrel, October futures for WTI oil - by 0.26%, to 69.69 dollars per barrel. Investment analyst of Rivkin Securities William O'Loughlin whose opinion is led by Reuters, notes that the data of the Ministry of Energy of the United States indicate a decrease in oil reserves in the country for the second week in a row, and this contributes to higher raw material prices.

The end of the week was remembered by the statement of the chief of staff of the Iranian armed forces Mohammad Bagheri that Iran will block the export of oil in the Middle East if the Islamic Republic is not allowed to transport oil through the Strait of Hormuz. Iran threatens to block Hormuz from July. The statement of the Iranian commander took place in the light of the resumption of US economic sanctions against Iran. In November, sanctions will hit the most painful place - the export of oil. The Strait of Hormuz is the most important point for world oil trade. About 30% of the total volume of oil transported by sea routes is transported through it.


Company news

24.06.2019 Week of the super benefits from! Read more ...
24.06.2019 Week of the super benefits from! Read more ...
04.06.2019 Changes in the schedule of trading sessions due to the Russia Day at 12 of June. Read more ...
27.05.2019 Week of the super benefits from! Read more ...
22.04.2019 Week of the super benefits from! Read more ...
Show all

Expert view

15.07.2019 Will the rate go down? Read more ...
15.07.2019 The week of growth at the world oil market Read more ...
08.07.2019 Growth at the US stock market Read more ...
08.07.2019 The deal is expanded Read more ...
30.06.2019 Big companies to go crypto Read more ...
Show all

Market news

Show all

The payment services are provided by Cauri LTD, 20-22 Wenlock Road, London, N1 7GU, UK, registered number 09507138
(check, Win Pay (check


Our services include products that are traded on margin and carry a risk that you can lose more than your initial deposit. The products may not be suitable for everyone - please ensure you fully understand the risks involved. There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. It is the responsibility of the Client to ensure that the Client can accept the Services and/or enter into the Transactions in the country in which the Client is resident. If the risks involved seem unclear to you, please seek independent advice.