Crude Oil Futures: Near-term correction likely Oil Commodities Energy OpenInterest Futures
, this time by around 14.2K contracts. Volume followed suit and dropped by around 114.6K contracts after two consecutive daily builds.added to Thursday’s gains on Friday, although the uptick was amidst diminishing open interest and volume, leaving the door open to a potential correction in the very near term. That said, the commodity should meet initial contention in the area of last week’s lows in the sub-$74.00 mark per barrel.
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