Crude Oil Futures: Recovery faces some headwinds near term Oil Commodities Energy OpenInterest Futures
WTI seems to have entered a consolidative phasewere amidst shrinking open interest and a small increase in volume and is indicative that the continuation of the rebound seems out of favour in the very near term. That said, the price action around the commodity could face some near-term consolidation around the $70.00 region for the time being.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crude Oil Futures: Further weakness not favouredCME Group’s flash data for crude oil futures markets noted traders reduced their open interest positions for the third session in a row on Friday, thi
Read more »
Gold Futures: Further recovery not ruled outConsidering advanced prints from CME Group for gold futures markets, open interest resumed the uptrend and rose by around 13.4K contracts on Monday, r
Read more »
Deal on debt ceiling seen boosting West Texas IntermediateOnce the impasse ends, and banking concerns fade from the collective memory, crude oil...
Read more »
Oil edges higher after 4th straight weekly declineOil futures trade higher early Monday, attempting a bounce after a fourth straight weekly fall for WTI and Brent crude.
Read more »
Biden administration to buy 3 million barrels of oil to begin replenishing emergency oil stockpile | CNN BusinessThe Biden administration announced plans on Monday to buy 3 million barrels of crude oil, marking the start of a years-long process aimed at replenishing America’s depleted emergency oil stockpile.
Read more »
Breaking down the futures of every Knicks player ahead of pivotal offseasonThe Post’s Zach Braziller breaks down the roster and each player’s status entering an interesting offseason for coach Tom Thibodeau and Co.
Read more »