Overnight Market Review (2022.9.19) Brent crude oil futures in London closed up 65 cents, or 0.71%, at $92 a barrel; WTI crude oil futures closed up 62 cents, or 0.73%, at $85.73 a barrel.
Oil prices fell as much as 4.23% on Monday morning, as the market worried that the Federal Reserve could maintain a strong interest rate hike this week, which may drag down the economy further. However, oil prices subsequently stabilized, as the market also saw that oil-producing countries may further reduce production in response to the decline in oil prices.
Trading strategy deployment: it is recommended to do more at low 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.
