Crude Oil Futures: Rebound could extend further

CME Group’s flash data for crude oil futures markets noted traders added around 13.3K contracts to their open interest positions on Wednesday, reaching the second consecutive daily build. In the same line, volume rose for the third straight session, now by around 45.2K contracts.

WTI keeps targeting the $90.00 region

Wednesday’s gains in prices of the WTI came amidst increasing open interest and volume, opening the door to the continuation of the recent uptrend and with the next hurdle at the $90.00 mark per barrel.