Considering advanced CME Group data for crude oil futures markets, open interest increased for yet another session on Wednesday, now by approximately 3000 contracts. Volume, on the other hand, fell for the second session in a row, this time by around 70.6K contracts.a

WTI remains capped by $80.00 so far

On Wednesday, WTI prices reversed four sessions of gains. The daily decline was caused by rising open interest and a sharp drop in volume, indicating a possible consolidation around present levels. For the time being, the immediate aim remains at the crucial $80.00 per barrel level.

 

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