We found 11 online brokers that are appropriate for Trading Brent Oil Price Fall Investment Platforms.
Brent oil price fall was witnessed in the spring of 2020 due to the COVID-19 pandemic that led to the slowdown of the global economy. As a preventative measure, the Organisation of Petroleum Exporting Countries (OPEC) and allies agreed to a historic cut on production to stabilise the prices. However, analysts believe the revenues would be the lowest in the past 18 years.
Brent oil or crude oil is ubiquitous. It is the benchmark for most oil with respect to pricing. Since it is produced near the sea, the transportation cost is very low, unlike the West Texas Intermediate (WTI) produced in the landlocked areas.
In recent years, the production of WTI has increased significantly and is sometimes considered as a pricing benchmark instead of Brent.
Currently, most of the oil production and its distribution are controlled by OPEC and costs are often dictated to the countries and suppliers. The organisation is considered a leading geopolitical force. Many countries include oil prices in their annual general budgets.
At one point, Brent oil was cheaper than the West Texas Intermediate. The milestone event called the American Shale Revolution led to oil prices falling from $100 to less than $50 in 2014 and 2015. With the advancement of drilling and fracking, the WTI became cheaper. The geopolitical trouble also led to the Brent oil price fall.
The Shale Revolution is important in the history of oil production in America. It is a combination of hydraulic fracturing as well as horizontal drilling. It led to a significant increase in the production of oil. Drilling oil from tight formations became easy and accounted for 36 per cent of the total production in the country. After that, the United States became less dependent on oil imports, resulting in an economic boost.
In 2011, oil and gas constituted 1.6 per cent of the country's GDP. Shale formations led to the rise in employment, and data reveals about 169,000 jobs were added from 2010 to 2012.
Today, the Middle East is not the leading supplier of Brent oil in the world. The focus has been shifted to the US.
Domestic oil production increased while imports dropped. It was believed the Shale boom could pave the way towards energy independence.
Currently, the United States is the largest dry natural gas producer, and 40 per cent of the total supply is derived from Shale. There is a valid reason for the success of the Shale. Landowners owned the hydrocarbon resources hidden underneath the land, while in other countries, the governments enjoy the mineral rights.
Moreover, the industry has abundant capital and expertise while the country's regulations worked to develop the sector. The US has a large infrastructural network and easily handled expansion. These factors contributed to the success of the industry.
The OPEC and its allies have restrained the Brent oil supply for at least a year as the COVID-19 pandemic led to a demand crash. About six million barrels per day output cut has been maintained. In the first week of July, the organisation discussedan increase in otput with the Petroleum Exporting Countries. Saudi Arabia refused to accept the proposal. Following the meeting, the Brent oil price fall was 5.3 per cent.
According to ANZ analysts, the restriction in supply is creating uncertainty in the sector while the global economy is recovering quickly.
Meanwhile, Russia is mediating to pave the path of an agreement between Saudi Arabia and the UAE to increase the supply.
Apart from this, the new wave of coronavirus infections in Japan, the fourth-largest oil user globally, has weighed on the prices. On August 22, the country declared an emergency in the capital city of Tokyo. South Korea has also reported a spike in coronavirus cases.
The Brent oil price fall is rational amid the COVID-19 pandemic and global economic slowdown. The productions have been slashed down for about a year, and a new wave of the coronavirus is throwing a renewed challenge to the segment that is currently in a state of uncertainty.
Japan is one of the important consumers of Brent oil, and its capital city is currently under a state of emergency due to the increasing number of coronavirus cases. Similarly, South Korea has reported record-high cases lately.
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Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Brent Oil Price Fall Investment Platforms trading, it's essential to compare the different options available to you. Our Brent Oil Price Fall Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
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Here are the top Brent Oil Price Fall Investment Platforms.
Compare Brent Oil Price Fall Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Brent Oil Price Fall Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Brent Oil Price Fall Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Brent Oil Price Fall Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Brent Oil Price Fall Investment Platforms that accept Brent Oil Price Fall Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
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We have listed top Brent Oil Price Fall Investment Platforms below.
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