Crude Oil Futures: Extra downside stays on the cards

CME Group’s flash data for crude oil futures markets noted open interest extended the uptrend for yet another session on Thursday, this time by around 16.6 contracts. Volume followed suit and rose for the third session in a row, now by around 158.8K contracts.

WTI risks a move to $36.00

Prices of the barrel of WTI dropped below the ley $40.00 mark on Thursday amidst rising open interest and volume. Against this, crude oil risks slipping back to the area of September lows near the $36.00 mark per barrel.