Crude Oil Futures: Door open to extra gains

Considering advanced prints from CME Group for crude oil futures markets, traders extended the uptrend in open interest and added around 5.5K contracts on Tuesday, reaching the 7^th consecutive daily build. In the same line, volume rose for the second session in a row, this time by around 34.3K contracts.

WTI could accelerate gains above $90.00

Tuesday’s advance in prices of the WTI was accompanied by increasing open interest and volume and suggests that the continuation of the rebound looks in place for the time being. That said, crude oil prices could see the upside reinvigorated on a close above the key $90.00 mark per barrel.