Crude Oil Futures: Extra upside likely near term

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Crude Oil Futures: Extra upside likely near term Oil Commodities Energy OpenInterest Futures

he week, resuming the uptrend following the previous drop. On the other hand, volume shrank for the second consecutive session, now by around 32.2K contracts.finally reached the key $80.00 mark per barrel on Friday. The uptick was in tandem with rising open interest and declining volume, which leaves the door open to extra gains, although a probable corrective move or some consolidation in the short term should not be ruled out.

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