Crude Oil Futures: Extra decline in store Oil Commodities Energy OpenInterest Futures
contracts on Wednesday. Volume, instead, extended the downtrend for the third consecutive day, this time by nearly 8K contracts.printed new weekly highs, although it ended Wednesday’s session in the negative territory. The downtick was in tandem with increasing open interest and suggests that extra losses may be in store for the commodity in the very near term. In the meantime, the recent peak past the $74.00 mark per barrel emerges as the next hurdle of note.
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