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
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