Crude Oil Futures: Extra range bound on the cards

CME Group’s flash data for crude oil futures markets noted traders added around 4.4K contracts to their open interest positions at the end of last week. Volume followed suit and resumed the uptrend, this time by around 32.5K contracts.

WTI points to further side-line trading

Friday’s small gains in prices of the WTI followed an indecisive session against the backdrop of increasing open interest and volume. That said, the commodity remains poised to extend the consolidation in the very near term, with the lower bound of the recent range around the $95.00 mark per barrel.