Abstract:Based on the trading data from Thursday, there's an upward trend in global oil prices. Brent oil is currently priced at $84.55 per barrel, while North American WTI oil is hovering around $80.90 per barrel. The oil price hike can be attributed to several factors.


Based on the trading data from Thursday, there's an upward trend in global oil prices. Brent oil is currently priced at $84.55 per barrel, while North American WTI oil is hovering around $80.90 per barrel. The oil price hike can be attributed to several factors.
To begin with, Saudi Arabia's recent announcement to extend their additional oil production cut by 1 million barrels each day until September end is a significant contributor. Further noting this reduction could be potentially prolonged or even amplified. It's expected that the kingdoms production in September would round out at around 9 million barrels a day.
In addition, investors reacted to the published macro statistics from the United States. The number of initial applications for unemployment benefits in the country for the week ended July 29 increased by 6 thousand compared to the previous week – up to 227 thousand. The current data coincided with analysts' forecasts.
Also, traders continue to win back yesterday's data from the US Department of Energy on crude oil reserves in the country. The report showed that US commercial oil reserves (all reserves except the strategic reserve) decreased by 17 million barrels to 439.8 million barrels. Such a rate of decline in stocks for a week was a record in the history of calculations since 1982.
All these factors together support a positive mood in the oil markets and contribute to further growth in oil prices.


Mazi Finance is a trading company registered in Saint Lucia, an offshore location. Recently, it has received a lot of attention in the trading world. The company shows off many modern trading features, but when we look closer, we find many potential dangers. Before any trader thinks about opening an account, they need to understand the most important finding from our research: Mazi Finance does not have proper regulation. This single fact creates major warning signs about whether client capital is safe.

When you look for information about a forex broker, you often find a confusing mix of great reviews and serious warnings. This is especially true for Pemaxx, where traders have one main question: Is Pemaxx Safe or Scam? The internet has many different user experiences, making it hard to know what's true. This article won't give you a simple yes or no answer. Instead, we'll do an objective, fact-based study to help you make a smart choice. We'll look at the available information, focusing on real user reviews, common Pemaxx Complaints, and whether it follows proper regulations. By looking at patterns in both good and bad reports, we want to give you a clear picture of the risks and warning signs with this broker, helping you protect your capital.

The regulatory status of Pemaxx is a major concern for traders. When you search online, you can find the broker claiming to be regulated, but financial watchdog sites show serious warnings and user complaints. This creates a confusing and potentially risky situation for anyone considering an investment. The goal of this analysis is to clear up the confusion. We will examine the available information, explain the facts about the Pemaxx License status, and look at the risks for traders.

Did you find a contrasting difference between Diago Finance’s deposit and withdrawal processes? Were deposits seamless, but withdrawals remained difficult? Did you fail to receive your funds despite paying extra fees? Did the Saint Lucia-based forex broker scam your hard-earned capital? You are not alone! Many traders have expressed concerns over the alleged illegitimate trading activities carried out by the broker. In this Diago Finance review article, we have investigated some complaints against the broker. Take a look!