Open interest in crude oil futures markets resumed the downtrend and shrank by around 4.1K contracts on Wednesday according to preliminary readings fr
om CME Group. Volume, instead, went up by around 92.1K contracts after two consecutive daily pullbacks.prices extended the weekly corrective decline on Wednesday amidst shrinking open interest. Against that, the likelihood of a sustained drop now looks diminished, while the area of YTD peaks near the $85.00 mark per barrel continues to cap occasional bullish attempts in the commodity.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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