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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 7th consecutive daily build. In the same line, volume rose for the second session in a row, this time by around 34.3K contracts.
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.
