Crude Oil Futures: Rebound lacks strength

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Crude Oil Futures: Rebound lacks strength Oil Commodities Energy OpenInterest Futures

ow by around 8.8K contracts. In the same line, volume shrank for the third straight session, this time by around 153.7K contracts.prices extended the weekly bounce and reclaimed the area above the key $70.00 mark per barrel on Thursday. The move, however, was on the back of shrinking open interest and volume, removing strength for the continuation of the rebound in the very near term. So far, bullish attempts appear limited around the monthly highs near the $75.00 level.

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