Range Markets

CME Group’s flash readings for crude oil futures markets noted open interest rose sharply by around 23.4K contracts on Tuesday, reaching the third build in a row. Volume followed suit and clinched the largest single day build since November 24, rising by around 335.3K contracts.


Prices of the WTI rose for the third straight session on Tuesday, clinching levels seen a year ago past the $55.00 mark per barrel. The uptick was accompanied by rising open interest and volume, indicating that further upside remains in the pipeline and with the key $60.00 mark emerging as the next resistance of note.

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