Open interest in Crude Oil futures markets went down by nearly 6.2K contracts on Wednesday according to advanced data from CME Group. That was the first pullback after five consecutive builds. In the same direction, volume shrunk for the second day in a row, this time by around 3.7K contracts. Rebound in WTI seen as short-lived Prices of the WTI are extending the bounce off recent 2020 lows in sub-$50.00 levels backed by OPEC+ headlines and the generalized risk-on mood. However, declining open interest and volume warn against the sustainability of the upside, which is also reinforced by recent ‘oversold’ levels in prices. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bearish bets on Singapore dollar climbed to highest in over five months – Reuters poll FX Street 2 years Open interest in Crude Oil futures markets went down by nearly 6.2K contracts on Wednesday according to advanced data from CME Group. That was the first pullback after five consecutive builds. In the same direction, volume shrunk for the second day in a row, this time by around 3.7K contracts. Rebound in WTI seen as short-lived Prices of the WTI are extending the bounce off recent 2020 lows in sub-$50.00 levels backed by OPEC+ headlines and the generalized risk-on mood. However, declining open interest and volume warn against the sustainability of the upside, which is also reinforced by recent ‘oversold’… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
