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    Crude Oil Futures: Further upside in the pipeline

    Abstract:Considering preliminary readings from CME Group for crude oil futures markets, traders added around 25.3K contracts to their open interest positions on Tuesday, reaching the second daily build in a row. In the same line, volume, reversed two pullbacks in a row and went up by around 188.5K contracts.

    Crude Oil Futures: Further upside in the pipeline

      Considering preliminary readings from CME Group for crude oil futures markets, traders added around 25.3K contracts to their open interest positions on Tuesday, reaching the second daily build in a row. In the same line, volume, reversed two pullbacks in a row and went up by around 188.5K contracts.

    WTI keeps targeting the 2022 high near $88.00

      Tuesdays decent uptick in prices of the barrel of WTI was accompanied by a sharp increase in open interest and volume, allowing for the continuation of the rally in the very near term. That said, the next magnet for oil bulls remains at the YTD low just below the $88.00 mark (January 19).

      Considering preliminary readings from CME Group for crude oil futures markets, traders added around 25.3K contracts to their open interest positions o

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    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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