CME Group’s flash data for crude oil futures markets noted traders increased their open interest positions for the second day in a row on Thursday, this time by nearly 14K contracts. On the other hand, volume trimmed part of the previous marked build and dropped by around 724.8K contracts.
-WTI appears supported near $65.00 -
Prices of the WTI charted an irresolute session amidst marginal gains, all after bottoming out near the $65.00 mark once again on Thursday. The move was on the back of rising open interest, which suggests the probability of a bounce in the very near term. So far, the commodity appears well underpinned around the $65.00 region per barrel.
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