CME Group’s flash readings for crude oil futures markets noted traders added around 17.3K contracts to their open interest positions on Wednesday. In the same line, volume went up for the third session in a row, this time by nearly 66K contracts.
WTI shifts the focus to $65.00
Prices of the West Texas Intermediate rose beyond the $61.00 mark per barrel on Wednesday. The uptick was amidst increasing open interest and volume, exposing a probable visit to the YTD highs near the $64.00 mark in the short-term horizon. Further up comes in the 2020 highs in the $65.60 zone.
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.