Blog: Trading

Crude Oil Futures: Extra rebound appears not favoured

Jan 25, 2023
Crude Oil Futures: Extra rebound appears not favoured

According to early data from CME Group, open interest in crude oil futures markets decreased by over 1.1K contracts on Thursday, showing the first decline since December 22. Volume in the same line decreased by about 77.3K contracts and abandoned three consecutive daily builds.

WTI: A return trip to $72.50 is possible. Crude oil trading in dubai

The WTI price increase on Thursday was due to declining volume and open interest, which made it difficult for the bounce to continue. Nevertheless, resurgent commodity weakness has the ability to push prices down to the area of recent conflict, which is around $72.50. (January 5).

Crudeoildubai Forex Traders in dubai Forex trading in dubai


Aleksandra Kwiecien
Content manager

Marketing and content manager. Passionate about new technologies that make our everyday life easier, and people who create them.