CME Group’s flash data for crude oil futures markets noted traders added around 6.3K contracts to their open interest positions on Thursday, reversing
at the same time the previous daily drop. Volume followed suit and increased for the second straight session, now by around 64.6K contracts.left behind three consecutive sessions of losses on Thursday against the backdrop of rising open interest and volume. That said, further recovery in crude oil prices appears in store in the very near term. In the meantime, there is quite a decent contention area just below the $78.00 mark per barrel .
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.
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: Extra downside is not ruled outCME Group’s flash data for crude oil futures markets noted traders added around 2.8K contracts to their open interest positions after five consecutive
Read more »
Crude Oil Futures: Further downside not favouredOpen interest in crude oil futures markets resumed the downtrend and shrank by around 4.1K contracts on Wednesday according to preliminary readings fr
Read more »
Nasdaq futures jump after Nvidia results impress, while Dow futures flatlineU.S. stock futures jump early Thursday as sparking Nvidia results boost risk appetite.
Read more »
Nasdaq futures jump after Nvidia earnings impress, while Dow futures dipU.S. stock index futures were higher early Thursday, led by Nasdaq futures, as Nvidia's quarterly earnings surpassed a high bar. Meanwhile, Dow futures...
Read more »
Gold Futures: Room for further recoveryCME Group’s flash data for gold futures markets noted traders added around 5.7K contracts to their open interest positions after two consecutive daily
Read more »
Crude Oil Prices Lower Again As Markets Fret Chinese DemandA slowing Chinese economy and the chance of ‘higher for longer’ US interest rates doesn’t make a bullish mix for oil prices
Read more »