Crude markets are sturdy on ascending refinery demand and dipping US rig count

Crude markets are sturdy on ascending refinery demand and dipping US rig count

On Monday, crude markets were sturdy and kept to multi-month maximums hit late the previous week as the number of American rigs drilling for fresh output went down and refineries kept starting up after being heavily affected by Hurricane Harvey.

American West Texas Intermediate crude futures demonstrated $49.89 a barrel being intact from their settlement last Friday, simultaneously staying close to the more than three-month maximum of $50.50 briefly hit on Thursday.

Brent crude futures hit $55.67 a barrel, rising 5 cents, which is not far off the nearly five-month maximum of $55.99 showed on Thursday.

Crude refineries across the Gulf of Mexico as well as the Caribbean were restarting after being unavailable because of hurricanes Harvey and Irma that affected the region for the last three weeks.

American energy firms reduced seven crude rigs by September 15, thus bringing the total countdown to about749, which is the fewest outcome since June, as energy services company Baker Hughes reported on Friday.



The US Payrolls Bring New Hope for Gold
The US Payrolls Bring New Hope for Gold

The Us Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on June 3, 15:30 MT time (GMT+3).

Russian Oil Got Banned from Market
Russian Oil Got Banned from Market

This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?

Latest news

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera