Home Crude Oil Futures: Further consolidation in the pipeline

Crude Oil Futures: Further consolidation in the pipeline

Updated: 30 Jul. 2020 | 07:47

In light of flash figures for Crude Oil futures markets from CME Group, open interest and volume went up by around 8K contracts and by around 121.6K contracts, respectively, on Wednesday.

WTI poised to extend the side-lined mood

Prices of the barrel of the West Texas Intermediate extended the consolidation around the $41.00 mark for yet another session on Wednesday amidst rising open interest and volume. That said, and with the macro context staying almost unchanged, there is rising likeliness that the consolidative theme could extend further for the time being.

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