Considering advanced prints from CME Group for crude oil futures markets, open interest increased for the third consecutive session on Monday, now by
around 1.4K contracts. Volume, instead, nearly halved from the previous day and dropped by around 431.3K contracts.gyrated around the $80.00 mark per barrel on Monday amidst rising open interest and a sharp drop in volume. Against that, further range bound around current prices should not be ruled out for the time being. On the upside, the 2023 peak at $84.85 emerges as the next target of relevance for the commodity.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Crude Oil Futures: Further upside in the pipelineOpen interest in crude oil futures markets went up for the second session in a row on Friday, this time by more than 24K contracts. Volume followed su
Consulte Mais informação »
Dow futures tick higher, Fed mulls further hikes By Investing.comDow futures tick higher, Fed mulls further hikes
Consulte Mais informação »
Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for October delivery rose 27 cents to $80.10 a barrel Monday. Brent crude for October delivery fell 6 cents to $84.42 a barrel.
Consulte Mais informação »
2023 College Basketball odds, predictions: Michigan State, best title futuresJohn Fanta has his eyes on a few under-the-radar national title-chasers entering this season. See who is believes is worth wagering on, including a long shot.
Consulte Mais informação »
S&P 500 Futures, yields portray cautious optimism on China stimulus while preparing for US inflation, NFPThe risk appetite improves on early Monday as market players cheer China's stimulus while consolidating the previous weekly moves ahead of the top-tie
Consulte Mais informação »