- Markets
Find out what influences market movements by browsing through our tailor made product pages.
- Trading Platforms
Maximise your investment opportunities
Trading Platforms
In order to ensure our customers have the best trading experience. We are proud to introduce our suite of trading platforms.
- Accounts
All accounts can be opened using one application form.
OPEN A LIVE ACCOUNT
The application process is simple and straightforward. You can complete the online application form and be trading in minutes.
- Academy
Here you will find all the details regarding One Financial Markets educational offering
TRADING ACADEMY
Working through each of our six online modules, detailed below, you can develop your trading confidence
- Newsroom
The latest news in the Financial Markets from across the globe.
LATEST NEWS
Make sure you don't miss out on what's going on in the world around you, keep up to date with our market commentary and daily market update videos.
- Contact Us
Oil prices rise, set for strong June amid geopolitical risks
Investing.com-- Oil prices rose in Asian trade on Friday and were headed for strong gains in June as fears of supply disruptions in Russia and the Middle East largely offset concerns over slowing demand.
This notion also saw oil prices rise past data this week which showed an unexpected increase in U.S. stockpiles. Gasoline inventories also rose despite the onset of the travel-heavy summer season.
Brent oil futures expiring in August rose 0.4% to $86.73 a barrel, while West Texas Intermediate crude futures rose 0.4% to $82.09 a barrel by 21:43 ET (01:43 GMT).
Prices also largely shrugged off pressure from a strong dollar, with focus now turning to key upcoming U.S. inflation data for more economic cues.
Crude set for June gains amid supply risks
Brent and WTI contracts were set to gain more than 6% each in June, as fears of a wider war between Israel and Lebanon’s Hezbollah kept markets on edge over disruptions in crude supplies.
Attacks by Ukraine on major Russian fuel refineries also pointed to potential disruptions in oil supplies from Moscow.
The geopolitical conflicts saw traders attach a higher risk premium to oil prices, and also pushed up the prospect of tighter markets in the coming months, due to disruptions in oil supplies.
Adverse weather conditions also pointed to more potential supply disruptions, amid heavy rains in Ecuador and a potential hurricane in the Gulf Coast.
U.S. producers face probe over OPEC collusion
The U.S. Senate budget committee on Thursday launched a probe into 14 domestic producers, including Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX) and ConocoPhillips (NYSE:COP) over potentially coordinating with the Organization of Petroleum Exporting Countries in manipulating oil prices.
The OPEC cut production repeatedly over the past year to shore up oil prices, although the move had only provided limited support to crude markets.
But prices were buoyed by the cartel stating after a June meeting that it will maintain current levels of production to keep prices supported through 2024.
Begin trading today! Create an account by completing our form
Privacy Notice
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.