WTI crude oil futures still have further downside potential?
Trending Articles- Gold Price Forecast: XAU/USD recovers above $4,100, hawkish Fed might cap gains
- Bitcoin's 2025 Gains Erased: Who Ended the BTC Bull Market?
- Gold hits three-week top as dovish Fed bets offset US government reopening optimism
- Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP flash deeper downside risks as market selloff intensifies
- Australian Dollar declines as US Dollar gains amid nearing government shutdown end
- USD/JPY tests 155 as Tokyo fix buying lifts pair – ING
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.
