• Forex
  • Investments
  • Loyalty program
  • Promotions and contests
  • Analysis
  • Getting started
  • About us

Oil constrained by Covid flare-up in multiple countries

Oil prices rose steadily on Tuesday, April 27, with Brent rising 1.3% to $65.95/bbl, while WTI jumped 1.7% to $62.96/bbl.

Yesterday, a meeting of the OPEC+ ministerial monitoring committee was held, which recommended the alliance member states to extend the existing oil production quotas for May, June and July. However, the OPEC+ ministerial meeting did not take place and was postponed until June 1.

A new outbreak of the Covid-19 pandemic in India and a number of developing countries is holding back the rise in oil prices: Brent is currently up just 0.02% vs. yesterday's close, and WTI is slightly stronger, trading 0.16% higher. Our Brent forecast price range today is $65-66.5/bbl.

Latest reviews

Everyone has the chance to make a profit

You don't need to trade on your own to make a profit. Make a profit by entrusting your funds to experienced traders!


There's a better website for you

A new exciting website with services that better suit your location has recently launched!

Sign up here to collect your 30% Welcome Bonus.