Oil holds profits in Asia

Oil holds profits in Asia

On Monday, oil held profits in Asia, following supporting comments by the Russian as well as Saudi energy ministers. Additionally, this week’s data might back views that the supply and demand are gradually stabilizing.

July delivery US West Texas Intermediate crude futures gained 0.55%, trading at $46.08 a barrel. In London, August delivery crude futures soared 0.56%, trading at $48.42 a barrel.

Meanwhile, market participants will keep an eye open on monthly reports from the Organization of Petroleum Exporting Counties as well as the International Energy Agency to evaluate global supply and demand levels.

The previous week on Friday, crude futures settled a bit higher, though prices still faced their third straight weekly loss as the market weighed ascending American drilling and swelling stockpiles versus efforts by key producers to reduce output to tame a global glut.

The US rig count tacked on by 8 to 741, thus extending a year-long drilling revival to the highest value since April 2015.


Gold fell below $1,700

Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.

Latest news

Deposit with your local payment systems

Learn more

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 00:30:00

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