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Forex

Crude oil futures news: further consolidation likely

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Crude oil futures news

Actually Crude oil futures news: according to preliminary data from CME Group, the open interest indicator for crude oil futures declined on Tuesday, this time by about 8.2 thousand after a three-day decline. At the same time, trading volumes declined by about 108.7 thousand contracts after a two-day decline.

WTI looks supported around $90.00

The WTI chart showed a lackluster session on Tuesday amid declining open interest and volume, suggesting a continued limited range theme in the near term. For now, the asset continues to receive support near the $90.00 per barrel mark.



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