Crude Oil Futures: Upside momentum could be losing traction

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Crude Oil Futures: Upside momentum could be losing traction Oil Commodities Energy OpenInterest Futures

nced prints from CME Group. In the same line, volume dropped for the second session in a row, this time by around 215.1K contracts.resumed the uptrend on Thursday and managed to close the session just above the key $80.00 mark. The move, however, was amidst shrinking open interest and volume, which hints at the idea that further upside could be running out of steam.

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