empty

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.

Account Opening

See also

Trading Conditions

Forex Analytics

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

Open Demo Account

Trading Platform

How to start trading

Video Tutorials

Contests by InstaForex

Useful information

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Advantages for Affiliates

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

We are in social networks

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.

InstaForex Stars

InstaForex Offline

Social Responsibility

InstaForex - Official partner of Dragon Racing

2024.01.1719:28:00UTC+00WTI Crude Futures Settle Higher Ahead Of Inventory Data

Despite weak fourth-quarter GDP data from China, oil futures settled higher on Wednesday, ahead of weekly crude inventory data.

Concerns about the outlook for oil demand, and a firm dollar limited the uptick in oil prices.

West Texas Intermediate crude oil futures for February ended higher by $0.16 at $72.56 a barrel.

Brent crude futures were down $0.26 or 0.33% at $78.03 a barrel a little while ago.

Worries about the outlook for energy demand remain as China reported a 5.2% increase in fourth-quarter GDP, lower than the expected 5.3% rise.

Meanwhile, OPEC reiterated that demand will rise by 2.2 million barrels per day this year, over 2023. OPEC expects oil demand to rise by 1.8 million barrels per day next year.

The OPEC group produced 26.7 million barrels of crude oil per day in December, up from 26.628 million barrels of crude oil per day a month earlier.

Oil prices fell earlier in the day due to disappointing Chinese data and broader risk-off sentiment in the markets as traders pared back rate cuts, according to Craig Erlam, Senior Market Analyst at OANDA, UK & EMEA.

The weekly inventory data from the American Petroleum Institute (API) is due later today. The weely oil report from the Energy Information Administration (EIA) will be out Thursday morning.

Back to news list