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

Fed script crimps oil gains

Oil prices continued to trade on a smooth downward trajectory on Thursday, May 6. Brent fell 0.6% to $68.09/bbl on the day, while WTI slid 0.65% to $64.84/bbl.

The bulls lacked the momentum to push Brent up to $70/bbl even though the news flow was quite favorable. For example, India’s Covid infection rate is soon expected to reach a plateau. However, remarks from Fed officials that the prices of financial assets, including futures contracts, look inflated, dampened buying sentiment.

This morning, prices are in decline again, albeit at a slow pace, with Brent down 0.13%, and WTI off 0.1%. Our Brent price forecast for today is in the range of $68-69/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.