Overnight Market Review (2022.9.19) As of the close of the day on September 16, the futures price of light crude oil (hereinafter referred to as “US oil”) for October delivery on the New York Mercantile Exchange rose 0.01% to $85.11 per barrel. This week It fell 1.9%. London Brent crude oil futures (hereinafter referred to as “Brent oil”) for November delivery rose 0.56% to $91.35 a barrel, down 1.6% this week. It is understood that the settlement prices of US oil and Brent oil both fell for two consecutive weeks.
Li Yan, a crude oil industry analyst at Longzhong Information, told the Times Weekly that the core factor behind the recent drop in oil prices is that in the context of the Federal Reserve raising interest rates, the market’s concerns about the outlook for the global economy continued, dragging down demand expectations for crude oil.
Li Yan said that recently, the US dollar index has risen to a high level in recent years and remains high, the possibility of demand imbalance caused by the Federal Reserve’s sharp interest rate hikes has continued to increase, and people’s concerns about economic recession have also “raised the water”. These factors have made crude oil prices. Under pressure. As a result, oil prices continue to fluctuate at low levels, and the price of Brent oil has fallen from a high of $125 per barrel in June to the current low of $91.35.
Trading strategy deployment: it is recommended to go short at high levels
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
