On September 12, commodity prices rose due to the weakness of the US dollar, and crude oil futures expanded their gains. WTI crude oil rose by more than 2% in the day. Worries about global demand remain. Central banks around the world have taken measures to cool inflation. Meanwhile, investors are paying attention to the possible production reduction of OPEC +.
Craig erlanm, senior market analyst at OANDA, said in a research report that the current focus may be on demand, but we cannot ignore the recent warning issued by OPEC + about price fluctuations and disconnection from fundamentals.
Erlam said that the recovery of oil prices may be supported by the above factors. In addition, market risk appetite has generally improved and the US dollar has weakened. (Jinshi data APP)