Crude Oil Futures: Extra losses remain in the pipeline
|CME Group’s flash data for crude oil futures markets noted traders added around 5.1K contracts to their open interest positions on Thursday. Volume, instead, shrank by around 164.5K contracts and reversed the previous daily build.
WTI: Immediately to the downside comes $100.00
The sell-off in prices of the WTI remained unabated on Thursday. The downtick was amidst rising open interest, which is supportive of the continuation of this trend in the very near term. That said, the next key support emerges at the psychological $100.00 mark per barrel.
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. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.