Crude Oil Futures: Extra decline still favoured

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Crude Oil Futures: Extra decline still favoured Oil Commodities Energy OpenInterest Futures

e by around 23.5K contracts. Volume followed suit and went up by more than 227K contracts, reversing the previous daily drop.dropped sharply and extended the weekly leg lower on Friday. The strong decline came in tandem with increasing open interest and volume and is indicative that extra pullbacks remain well in store for the time being. The immediate support of note emerges at the 2023 low at $72.50 per barrel .

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