Crude Oil Futures: Room for extra upside

According to preliminary readings for crude oil futures markets from CME Group, traders added around 15.1K contracts to their open interest positions on Thursday, reaching the second build in a row. On the other hand, volume extended the choppy performance and shrunk by around 44.1K contracts.

WTI: On its way to $50.00?

Prices of the WTI extended the weekly recovery on Thursday and are seen pushing higher in the very near-term amidst rising open interest. Against this, crude oil now targets the psychological $50.00 mark per barrel, area last visited in late February.