CME Group’s flash data for crude oil futures markets noted traders added around 10.6K contracts on Thursday, reversing the previous daily drop. Volume
followed suit and increased by the third session in a row, now by around 81.2K contracts. WTI meets initial contention near $82.00 Prices of WTI dropped significantly in the last couple of sessions.
Thursday’s decline was on the back of rising open interest and volume and leaves the door open to the continuation of the downward bias in the very near term. Furthermore, the loss of $82.00 could put a potential test of the key $80.00 mark per barrel back on the radar.
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.
Crude Oil Futures: A deeper drop seems not favouredCME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions by around 2.6K contracts on Wednesday, re
Read more »
Oil prices edge lower ahead of supply data as Saudis affirm extension of production cutOil futures edge lower early Wednesday as traders await an official read on U.S. crude inventories.
Read more »
Oil and Natural Gas: Current Challenges Unlikely to Phase Out Long-Term BullsCommodities Analysis by Investing.com (Damian Nowiszewski) covering: US Dollar Index Futures, Brent Oil Futures, Crude Oil WTI Futures, Natural Gas Futures. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
Canadian Dollar continues to decline as Crude Oil falls furtherThe Canadian Dollar (CAD) stooped even lower against the US Dollar (USD) on Wednesday, sending the USD/CAD pair to a fresh seven-month high. The USD/C
Read more »
- US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Aug 30, 2023 when OilTraders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias.
Read more »
WTI Crude Oil accelerating declines towards $83, OPEC recommends maintaining prodution reductionWest Texas Intermediary (WTI) dipped below $83.20 per barrel on Wednesday, pushed lower as markets eased off supply concerns and rising US Treasury yi
Read more »