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,

The growth in oil quotations that began a week earlier continued and last Monday Brent for the first time since January 24, 2020 reached $ 60 per barrel.

The cost of April futures for Brent oil on the London ICE Futures exchange by 18:10 Moscow time on Monday is $ 60.16 per barrel, which is $ 0.82 (1.38%) higher than the price at the close of the previous session. The price of futures for WTI oil for March at the New York Mercantile Exchange (NYMEX) by this time is $ 57.74 per barrel, which is $ 0.89 (1.57%) higher than the level at the close of previous trading.

On Tuesday the information appeared that the OPEC countries may celebrate 60 years since the founding of the organization in May 2021 in Baghdad. This is stated in the letter of Iraqi Oil Minister Ihsan Abdel Jaber addressed to the cartel general secretary. As noted in OPEC earlier, a festive meeting of cartel members should be held at the Al-Shaab exhibition complex in Baghdad, it should include not only ministerial consultations, but also musical and cultural events. The organization was founded in September 1960 at an oil conference in Baghdad by five states - Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Later, other countries joined them. As of February 2021, the cartel includes 13 countries: Algeria, Angola, Venezuela, Gabon, Iran, Iraq, Congo, Kuwait, Libya, United Arab Emirates, Nigeria, Saudi Arabia, Equatorial Guinea. The headquarters is located in Vienna. OPEC accounts for about a third of all world oil production.

On Wednesday there was a slight correction in the oil market. The price of April futures for North Sea Brent oil mixture fell by 0.25% - to $ 61.06 per barrel, March futures for WTI - by 0.15%, to $ 58.28 per barrel. Economist at OCBC Bank Howie Lee told Bloomberg that the rally in oil prices will continue until it reaches a stage where Saudi Arabia can let the markets take over. It is likely to see a continuing supply shortfall as demand recovers, and this is supporting oil prices.

On Thursday the monthly OPEC report was released, in which the organization's experts lowered the forecast for the growth of oil demand in the world in 2021 by 0.1 million barrels per day, to 5.8 million barrels per day. Thus, the overall demand for oil in the world market in 2021 will amount to 96.05 million barrels per day, the organization expects. The reason for the decline was a slower-than-expected recovery in the transport sector, where the demand forecast for the first half of 2021 was revised accordingly.

The week ended with another climb - the price of Brent crude rose above $ 62 per barrel for the first time since January 24, 2020. The price of April futures for North Sea Brent crude oil mixture grew by 1.85% - to 62.27 dollars per barrel, March futures for WTI - by 1.75%, to 59.26 dollars per barrel. According to analysts, the optimism may be related to the general mood in the market.

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

28.02.2021 Powell's speech Read more ...
28.02.2021 Oil goes up Read more ...
22.02.2021 Negative week at the US stock market Read more ...
22.02.2021 Oil to back "pre-virus" levels Read more ...
15.02.2021 Correction at the US stock market Read more ...
Show all


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.