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InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

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InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

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2019.07.0306:41:00UTC+00Oil Prices Rebound On API Data

Oil prices rebounded on Wednesday after steep losses in the previous session despite OPEC's decision to extend output cuts until March 2020.

Benchmark Brent crude rose over 1 percent to $63.06 a barrel, while U.S. crude futures for August delivery were up 0.9 percent at $56.78 a barrel.

Both benchmarks tumbled over 4 percent in the previous session as weak global manufacturing activity reinforced worries about slowing world economic growth.

Prices received some support today after the American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 5 million barrels for the week ended June 28. Analysts had expected a decrease of 3 million barrels.

The API report also showed stockpile declines of 387,000 barrels for gasoline and 1.7 million barrels for distillates. The EIA's inventory data will be out later today.

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