Crude Oil Futures: Still room for extra retracement Oil Commodities Energy OpenInterest Futures
nd 5.5K contracts. Volume followed suit and rose by nearly 26K contracts, partially reversing the previous daily drop.prolonged the weekly leg lower on Tuesday. The daily decline was on the back of increasing open interest and volume and it is indicative that further losses lie ahead for the commodity. That said, the loss of the minor support at $76.58 could pave the way for a drop to the 2023 low at $72.30 .
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