CME Group’s flash data for crude oil futures markets noted open interest went down for the fourth consecutive session on Friday, now by nearly 3K contracts. Volume followed suit and shrank for the second session in a row, this time by around 328.1K contracts, the largest single-day drop since March 16.
WTI keeps targeting $116.60
Prices of the WTI charted modest losses at the end of the week amidst diminishing open interest and volume. That said, the resumption of the uptrend appears likely with bulls targeting the March 24 high at $116.61.\
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