Crude Oil Futures: Room for extra gains

CME Group’s flash data for crude oil futures markets noted open interest extended the uptrend for yet another session on Monday, this time by around 25.6K contracts. In the same line, volume rose for the second session in a row, now by around 135.3K contracts.

WTI on its way to $70.00

Prices of the WTI clinched new 2021 highs just below the $69.00 mark on Tuesday. The move was in tandem with rising open interest and volume and opens the door to the continuation of the uptrend to, initially, the key barrier at the $70.00 mark per barrel in the short-term horizon.