WTI crude oil futures still have further downside potential?
Trending Articles- Gold Price Forecast: XAU/USD rises to near $4,150 as Fed rate cut bets grow
- Bitcoin Price Forecast: BTC extends recovery as ETF records positive flows
- 2025 Black Friday is coming! Which stocks may see volatility?
- Fed Officials Speak Out in Force to Back Rate Cut! December Cut Now a Done Deal? Will the FOMC Meeting Be Delayed?
- USD/JPY gathers strength to near 156.50 on mixed Fed signals
- Australian Dollar extends gains as traders expect RBA to hold rates
According to the latest data from the Chicago Mercantile Exchange (CME) Group's crude oil futures market, open interest in crude oil contracts declined for the third consecutive day on Thursday, decreasing by nearly 10,000 contracts. The trading volume decreased by approximately 111,200 contracts, ending a two-day growth trend.
WTI crude oil continues to be supported near $78
WTI crude oil prices attempted a rebound on Thursday, but both open interest and trading volume showed a downward trend, suggesting that this market condition may not continue in the short term. Meanwhile, oil prices are still supported near $78, which is expected to temporarily prevent further decline.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
