CME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions for the fourth session in a row on Monday
, now by around 28.3K contracts. Volume followed suit and retreated by around 125.7K contracts, reversing the previous daily build.prices was accompanied by shrinking open interest and volume. Against that, the likelihood of a deeper retracement seems not favoured in the very near term. In the meantime, bouts of weakness are expected to meet contention around monthly lows in the sub-$79.00 region.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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