Oil prices rise amid news of production cuts
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.
Read more
Spreadex Review: Wider Spread & Unexplained Account Closure Allegations for This 2-Decade-Old Broker
Did you incur trading losses on the Spreadex platform due to wider spreads? Have you experienced delays in trade processing by the United Kingdom-based forex broker? Has your Spreadex trading account been closed without any explanation? You are not alone! Many traders have expressed concerns on online broker review platforms. In this Spreadex review 2026, we have covered user allegations and provided a regulatory framework the broker operates under.
cTrader White Label Platform: A Practical Guide for Broker Evaluation and Multi-Asset Expansion in 2
A broker can launch a white-label platform quickly and still fail the first serious operating test. The failure often begins quietly: an assets expansion has been approved, the client app is branded, and a new account journey looks complete. Then a client asks why a trade-related status, funding hand-off, or account restriction looks different across channels. Support cannot see the same reference trail as operations. The product owns the screen, but no one owns the explanation. The issue is not a missing feature. It is an untested operating model. That is why a cTrader white label platform should be evaluated as a route to a multi-asset service - not as a shortcut to a more attractive terminal. The central question is whether the broker can add instruments, client channels, integrations, and service capacity without making its controls harder to operate or explain.
Perry Warjiyo Resigns: Why the Rupiah Moved Above Rp18,000 per US Dollar
Perry Warjiyo resigned as Bank Indonesia governor, Destry Damayanti became acting governor, and the rupiah traded above Rp18,000. Here is what forex traders should monitor next.
MT4 White Label Cost in 2026: What Brokers Must Budget Beyond the Platform Fee
The visible fee in an MT4 white label proposal is rarely the real cost of operating it. For an existing broker, the decision is not simply whether an MT4 white label platform is “cheap” or “expensive.” The real question is whether the commercial model remains viable after integration, support, data, client migration, compliance, and exit costs are included. That is why an MT4 white label cost review should be built as a 24- to 36-month operating case. It should compare three credible choices: 1. Keep the present MT4 setup and improve its weakest controls. 2. Replace the MT4 white label provider but retain the client proposition. 3. Migrate selected clients or products to another platform while running MT4 in parallel. This guide explains how to build that case without relying on headline prices or generic vendor claims.
WikiFX Broker
Latest News
Singapore tightens monetary policy in surprise move as rising oil prices rekindle inflation risk
WikiFXSPREDIX MARKETS Review: What Traders Should Know Before Depositing
WikiFXBXB Review – Zero Regulation, Dead Website: What Traders Need to Know
WikiFXHFM Review: No Regulatory Licences and a 1.83 Score , Is Your Deposit Safe?
WikiFXIs Your Withdrawal Plan Killing Your Compounding Gains?
WikiFXHFMARKETS TRADE Review: Zero Regulation and a Central Bank Warning
WikiFXWhy the Dollar Moves Almost Every Forex Pair
WikiFXChipmakers fall in US and Asia as AI jitters rattle investors
WikiFXBX Trade Review: Is This Unregulated Broker Worth the Risk?
WikiFXSTMARKET Review: Withdrawal Complaints Cloud a Low-Rated Broker, What to Know Before You Deposit
WikiFXRate Calc
