CME Group’s flash readings for Crude Oil futures markets notice merchants elevated their open curiosity positions by practically 21K contracts, the most important single-day construct since March 11. Quantity adopted swimsuit and went up by round 106.6K contracts, reversing 5 consecutive each day pullbacks.
WTI now appears to $57.50
Costs of the WTI closed with losses as soon as once more on Wednesday. This transfer was in opposition to the backdrop of rising open curiosity and quantity, indicative that additional retracement may prolong to current March lows within the $57.50 mark per barrel.
