empty

InstaForex Loprais Team - Official participant of the Dakar rally

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

2021.01.0708:51:00UTC+00Oil Extends Gains After Saudi Cuts, Inventory Draw

Oil prices rose for a third straight session on Thursday after Saudi Arabia announced a big voluntary production cut and data showed a fall in U.S. stockpiles.

Benchmark Brent crude rose 0.2 percent to $54.42 a barrel, after having risen 1.3 percent overnight. U.S. West Texas Intermediate (WTI) crude futures were up half a percent at $50.87 a barrel, after gaining 1.4 percent in the previous session.

Amid weakening oil demand following new Covid-19 lockdowns, Saudi Arabia announced on Tuesday that it would cut its crude output by an additional 1 million barrels per day over the next two months.

This move by Saudi Arabia, the world's biggest exporter, means the OPEC+ will be reducing output by 8.125 million barrels per day and 8.05 million barrels per day in February and March, respectively.

The Energy Information Administration (EIA) said on Wednesday that crude inventories in the U.S. dropped by 8 million barrels in the week to January 1, nearly 4 times the expected drop.

A day before, the American Petroleum Institute reported that U.S. crude inventories fell by 1.663 million barrels last week, after a draw of 4.785 million barrels the previous week.

As the vaccination rollout raises hopes for a recovery in demand, UBS raised its forecast for Brent oil prices to $60 per barrel by mid-year.

Back to news list