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Your IP address belongs to the address group of Russia. We inform you that starting from June 1, 2020, new clients from Russia are not registered. The company does not stop serving clients registered earlier. The change will affect the payments of the agents’ remuneration too. All registrations from June 1, 2020, for clients who are residents of the Russian Federation, will not be counted in the calculation of the agents’ remuneration. If you are a resident of Russia, take into account the fact of regulation of the activities of CFD dealers in the jurisdiction of the resident. In this regard, we inform that the company does not conduct advertising activities on the territory of Russia, has no registered offices under the Bulltraders brand,, or the name BT Technologies Ltd. BT Technologies Limited is an international company registered in the territory of the state of Saint Vincent and the Grenadines. By clicking on the "Continue" button, you accept the presence of the company in a foreign jurisdiction, confirm that you are a user who has reached the age of majority, and agree that the company has taken the necessary measures to provide this information to you.

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The unfavorable meteorological situation in the Gulf of Mexico forced US companies to suspend production early last week.

US oil companies halted 57.6% of oil production in the Gulf of Mexico due to storms Marco and Laura, according to the US Bureau of Safety and Environmental Control (BSEE). This was the main reason for the rise in oil prices on Monday. The price of November futures for North Sea Brent crude oil rose by 1.25% to $ 45.49 per barrel, October Brent futures rose 1.15% to $ 44.86 per barrel, the price of October WTI futures rose by 0.92% to $ 42.73 a barrel. The quotes were supported by the weakening dollar, which makes commodities, including oil, more accessible to investors who own other currencies. The weakening of the dollar was associated with increased risk sentiment since the American currency is traditionally considered more reliable.

On Tuesday the growth of quotations accelerated due to the worsening situation in the Gulf of Mexico. According to the latest data from the US Bureau of Safety and Environmental Control (BSEE), mining has been stopped at 82.4%. The hurricanes seriously affected the restrictions on the supply of raw materials. The price of November futures for North Sea oil mixture of Brent crude jumped by 1.56%, to $ 46.35 per barrel, October futures on WTI - by 1.78%, to $ 43.38 per barrel. October Brent futures at the same time added 1.75%, reaching $ 45.92 per barrel.

On Wednesday oil prices moved to a correction while the negative dynamics was limited by expectations of data on raw materials in the United States and the impact of storms on production in the Gulf of Mexico. The price of November futures for North Sea Brent oil mixture fell by 0.17% - to $ 46.21 per barrel, October futures on WTI - by 0.25%, to $ 43.38 per barrel.

The next day, the drop in quotations reached 2% while the strengthening of the dollar after the statements of the US Federal Reserve System supported the cheaper raw materials. On Thursday Hurricane Laura hit the United States but passing over Louisiana, it weakened to the second category from the fourth. The oil depreciation accelerated significantly after the head of the Federal Reserve Jerome Powell announced changes in the strategy of long-term targeting of economic indicators to achieve the long-term inflation target of "an average" of 2%.

By Friday evening, Laura had weakened to a Category I hurricane and then to a tropical storm. The US Coast Guard opened the port of Houston, at the oil terminal of which the oil products loading ramp was restored. ExxonMobil Baytown Plant Texas has begun its reopening process. If critical damage from the hurricane is not detected, the refinery may return to normal operation in the coming days.

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