Crude Oil Futures: Corrective downside poised to continue

CME Group’s advanced prints for crude oil futures markets noted traders added around 4.7K contracts to their open interest positions on Thursday for the first time since October 21. Volume followed suit and went up by around 433.3K contracts.

WTI: On its way to $75.00?

Prices of the WTI extended the leg lower on Thursday. The move was amidst rising open interest and volume, which is indicative that further decline remains well on the cards in the very near term. That said, the next target of note comes at the $75.00 mark per barrel (low October 7).