Crude Oil Futures: A deeper decline appears unlikely

Malaysia News News

Crude Oil Futures: A deeper decline appears unlikely
Malaysia Latest News,Malaysia Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Crude Oil Futures: A deeper decline appears unlikely – by pabspiovano Oil Commodities Energy OpenInterest Futures

ime by around 9.3K contracts. In the same line, volume dropped by around 79.4K contracts, partially reversing the previous build.was in tandem with shrinking open interest and volume, exposing the probability of a short-term rebound. That said, the next hurdle of note for the commodity comes at the so far December peak at $83.32 .

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian markets gain, oil prices rise after deal to cap Russian crude pricesAsian markets gain, oil prices rise after deal to cap Russian crude pricesAsian shares were mostly higher and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian...
Read more »

Kremlin rejects EU oil price cap: 'Europe will live without Russian oil'Kremlin rejects EU oil price cap: 'Europe will live without Russian oil'The Kremlin on Saturday rejected EU efforts to hit Russia's top earner by placing a price cap on its oil and said 'Europe will live without Russian oil.'
Read more »

Kuwait’s Oil Minister: OPEC+'s decisions based on oil market data and to ensure market stabilityKuwait’s Oil Minister: OPEC+'s decisions based on oil market data and to ensure market stabilityFollowing a meeting where the OPEC and its allies (OPEC+) decided to continue its existing policy, Kuwait's Oil Minister Bader al Mulla said late Sund
Read more »

Oil rises after OPEC+ holds targets, China eases COVID curbsOil rises after OPEC+ holds targets, China eases COVID curbsOil prices inched up in early trade after OPEC+ nations reaffirmed their oil output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday.
Read more »

Margin trading vs. Futures: What are the differences?Margin trading vs. Futures: What are the differences?Margin trading and futures are used in cryptocurrency to multiply gains. Here’s what you need to know about these tools, how they work, and their differences.
Read more »



Render Time: 2025-02-28 23:33:07