Market news
29.06.2022, 05:58

Crude Oil Futures: Room for extra upside

CME Group’s flash data for crude oil futures markets noted traders added around 4.3K contracts to their open interest positions on Tuesday, reaching the second build in a row. Volume followed suit and went up by around 76.2K contracts, reversing at the same time three consecutive daily retracements.

WTI: Next on the upside comes $119.00

Prices of the barrel of the WTI extended the recovery on Tuesday amidst increasing open interest and volume, leaving the door open to the continuation of the uptrend, at least in the very near term. The next up barrier for crude oil prices comes at $118.94 (June 17 high).

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location