- Analytics
- News and Tools
- Market News
- Crude Oil Futures: Rally has further legs to go
Crude Oil Futures: Rally has further legs to go
CME Group’s advanced prints for crude oil futures markets noted open interest went up for the fourth consecutive day on Thursday, now by around 12.3K contracts. Volume followed suit and clinched the fifth straight build, this time by around 180.7K contracts.
WTI finally surpasses $80.00
WTI prices extended the intense rally on Thursday and briefly advanced beyond the key $80.00 mark per barrel. The move was accompanied by rising open interest and volume, which suggests that extra gains remain in the pipeline with the next target now emerging at November’s peak near $85.00 (November 10).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
