Open interest in crude oil futures markets shrank by around 48.5 K contracts on Friday, keeping the erratic performance well in place for yet another
session. In the same line, volume dropped by just 571 contracts after three straight daily builds. WTI could still revisit the $80.00 mark Prices of WTI attempted a mild bounce at the end of last week following a drop to multi-week lows near $81.00.
The downtick was on the back shrinking open interest, which leaves the door open to the continuation of the downward bias in the very near term. Against that, the next support of note emerges at the key $80.00 mark per barrel for the for the time being.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Crude Oil Prices Might Have Ran Too Far in Q3 Amid a Deteriorating China OutlookCrude oil prices might have run too far in the third quarter, setting the stage for potential disappointment amid deteriorating economic conditions in China.
Les mer »
Crude Oil Reverses Recent Losses as Markets Recalibrate after Israeli InvasionWTI crude oil ran higher today along with the US Dollar as markets contemplate the consequences of the hostilities toward Israel over the weekend. Will it drive WTI higher?
Les mer »
Futures slip amid Middle East violence, oil surges - what's moving marketsFutures slip amid Middle East violence, oil surges - what's moving markets
Les mer »
European stock futures largely lower; oil soars on Middle East conflictEuropean stock futures largely lower; oil soars on Middle East conflict
Les mer »
U.S. stock futures fall, oil prices surge as Hamas attack on Israel rattles investorsU.S. stock-index futures fell and oil prices jumped late Sunday, as investors were rattled by geopolitical uncertainty after Hamas launched a surprise...
Les mer »
Stock Futures Fall as Oil Prices SpikeThe price of oil jumped more than 3% in Sunday evening trading after conflict erupted in the Middle East this weekend.
Les mer »