Crude Oil Futures: Mild recovery stays in the pipeline

CME Group’s advanced figures for Crude Oil futures markets showed investors added around 69K contracts to their open interest positions on Tuesday. In the same direction, volume went up for the second consecutive session, this time by around 672.8K contracts.

WTI still remains under heavy pressure

Prices of the barrel of the WTI edged higher on Tuesday in tandem with rising open interest and volume, allowing for the continuation of the recovery, at least in the very near term.