Crude Oil Futures: Extra decline still favoured

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

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

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 .

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 FİNANCE

Finance Finance Latest News, Finance Finance Headlines

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

Stock futures slide to start week with more earnings and a Powell speech aheadU.S. stock futures were lower to start trading as investors awaited more earnings and an important speech from Federal Reserve Chairman Jerome Powell. Speech speech 😍
Source: CNBC - 🏆 12. / 72 Read more »