Important information.

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.

Please accept our apologies. With best regards,

Last week began with a steady growth in oil prices ahead of the US presidential elections.

The price of January futures for North Sea Brent crude oil rose by 0.58% to $ 38.16, December WTI crude oil futures rose 0.53% to $ 35.98 per barrel. On Monday morning oil quotes fell within 4%, while the price of Brent crude fell below $ 36 per barrel for the first time since spring. However, oil prices returned to the green zone with the opening of trading in the US. American markets, including commodities, have grown significantly.

The next day, when the whole world was watching the vote in the United States, Algerian Oil Minister Abdelmajid Attar said that Russia, Saudi Arabia and Iraq had offered other countries of the OPEC + alliance to maintain the current level of oil production cuts for the first months of 2021, that is, not to raise production by 1.9 million b / d, as provided by the original plan. According to him, Algeria, together with these countries, is trying to convince the rest of the parties to the agreement to maintain the current level of oil production cuts of 7.7 million b / d in the first months of 2021 in order to avoid a new drop in prices. The renewed agreement to cut oil production OPEC + has been in effect since May this year. The first stage of the deal, when the alliance countries reduced production by 9.7 million b / d, was completed in August. From September until the end of this year, 7.7 million b / d will fall under the reduction. And from January 1, the restrictions should already amount to 5.8 million b / d. In total, the agreement is valid until April 2022, its terms may be revised in December 2021.

On Wednesday oil prices rose within 2% after the release of the data on a noticeable decline in inventories by 8 million barrels in the last week of October. The price of January futures for North Sea Brent crude oil rose by 2.12% to $ 40.55, December futures for WTI crude oil rose 1.94% to $ 38.39 per barrel. In addition, market participants were encouraged by the preliminary results of the vote in the United States and the statements of the incumbent President Donald Trump about leadership in key states even before the end of the vote count. SEB commodity analyst Bjarne Schieldrop told Reuters that Trump's potential victory is optimistic for oil, as OPEC + can cut oil production without fears that Iranian oil will return to the market soon.

The growth continued on Thursday in anticipation of the US vote. The current US President Donald Trump called for a halt in the counting of votes and later said that ballots received by mail after election day would not be counted. For the world's leading players a defeat for Biden is preferable, as he plans to join the Paris climate agreement, soften the US position towards Iran, which will lead to an increase in market supply.

The week ended with a sharp drop due to the concerns over demand for raw materials amid the ongoing coronavirus pandemic. The rise in human infections with the new coronavirus and the threat of re-closure of the economy in several countries have put serious pressure on market sentiment today, as it threatens a recovery in oil demand. The markets were also weighed down by uncertainty about the outcome of the US presidential elections that took place on November 3.


Company news

15.01.2021 Changes in entrance to mobile trading platform Read more ...
18.12.2020 Broker's identification in a mobile platform. Read more ...
18.12.2020 Changes in the schedule of trading sessions in connection with the celebration of the Catholic Christmas. Read more ...
18.12.2020 Happy Xmas and Happy new year! Read more ...
01.06.2020 Stop of registration for residents of the Russian Federation Read more ...
Show all

Expert view

11.01.2021 First trading week Read more ...
11.01.2021 OPEC compromise Read more ...
20.12.2020 Fed's expected decision Read more ...
20.12.2020 Will the vaccine help oil market? Read more ...
14.12.2020 US stock market in "red zone" Read more ...
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.