Crude prices get to 2-week peaks as American crude output dips

Crude prices get to 2-week peaks as American crude output dips

On Thursday, crude prices tacked on to a two-week peak in European trade, extending revenues into a sixth session right after the American government data disclosed the greatest weekly dip in domestic crude output in nearly a year.

August delivery West Texas Intermediate crude futures were worth $45.12 a barrel, earning approximately 0.9%.  The commodity benchmark reached its highest value since June 14.

Meanwhile, September delivery crude futures surged 0.8% in London, having reached a two-week peak of $48.03.

On Wednesday, oil prices reported steep revenues, with the commodity boasting its fifth wining session in a row.

Crude prices have stood under pressure in recent weeks because worries over ascending American shale output canceled out output cuts by OPEC as well as non-OPEC members.

The previous month, OPEC along with some non-OPEC producers extended a deal to reduce up to 1.8 million barrels per day until March next year.


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

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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