Crude Oil Futures: A sustained decline seems not favoured

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Crude Oil Futures: A sustained decline seems not favoured
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Considering advanced prints from CME Group for crude oil futures markets, open interest dropped by around 8.7K contracts after two daily builds in a r

WTI remains on track to test $100.00rose to new 2023 highs near the $95.00 region before ending the session with small losses on Thursday. The daily pullback came in tandem with diminishing open interest and volume and this exposes the continuation of the uptrend in the very near term. On the upside, the next hurdle of note emerges at the psychological $100.00 mark per barrel.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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