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HOT
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Buy low and sell high to take profits from price fluctuations
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Pledge one crypto to borrow another
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Customized asset management to grow your digital assets
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Stake BTC and earn 10% APR
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New
Use USDT/USDC to mint GUSD for treasury-level yields
Soft Staking
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- 🎒 Gate Square “Blue & White Travel Season” Merch Challenge is here!
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O
Institutions: Multiple factors support oil prices in European midday trading after the Fed cuts interest rates and rises.
On September 19th, during the European midday trading session, oil prices maintained an upward trend. After the Federal Reserve announced a 50 basis point rate cut, Brent crude oil prices returned to $75 per barrel. The international Benchmark crude oil prices pumped 1% to $74.41 per barrel, and the US WTI crude oil prices pumped 1.1% to $70.65 per barrel. Ole Hvalbye, a commodity analyst at SEB, said in a report: 'The softer outlook for monetary policy has fueled expectations of stronger future demand, further supporting the more likely bullish prospects for oil prices. However, speculative positions remain seriously short.' After the second attack on members of Iran-supported Hezbollah this week, concerns arose that the Middle East may face a wider conflict, which also supported oil prices.