Crude Oil Futures: Further losses in the pipeline
|CME Group’s advanced prints for crude oil futures noted open interest increased for the second session in a row on Thursday, this time by around 31.2K contracts. Volume, too, went up after five consecutive drops, now by around 101.9K contracts.
WTI: Door open for a move below $20.00/bbl
Prices of the barrel of the West Texas Intermediate keep trading on a negative fashion at the end of the week amidst rising open interest and volume. Against this backdrop, a re-visit to the 2020 lows in sub-$20.00 levels should not be ruled out.
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.