Crude Oil Futures: Corrective decline on the cards

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Crude Oil Futures: Corrective decline on the cards – by pabspiovano Oil Commodities Energy OpenInterest Futures

readings from CME Group. On the flip side, volume went down for the second straight session, now by nearly 28K contracts.prices extended the rebound at the end of last week. The uptick, however, was on the back of shrinking open interest and volume and opens the door to some corrective move in the very near term. In the meantime, the July peaks near the $74.00 mark per barrel continue to limit occasional bullish attempts for the time being.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Futures: Further upside on the cardsCME Group’s flash data for gold futures markets noted traders added around 3.3K contracts to their open interest positions on Friday, adding to the on
Source: FXStreetNews - 🏆 14. / 72 Read more »