Open interest in crude oil futures markets fell for the second session in a row on Thursday, this time by over 50K contracts, according to CME Group’s flash data. After three consecutive daily pullbacks, volume followed suit, dropping by about 243K contracts.
WTI prices continued their weekly slide on Thursday, despite declining open interest and volume. Extra pullbacks, on the other hand, appear to be out of favor in the immediate term, with the $70.00 per barrel line holding the downside for the time being.
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