Crude Oil Futures: Rally in crude oil looks unabated

Open interest in crude oil futures markets increased for the second session in a row on Thursday, this time by around 26.5K contracts according to flash data from CME Group. Volume followed suit and went up for the third session in a row, now by around 73.6K contracts.

WTI: Green light for a test of $100.00?

Prices of the WTI closed above the $90.00 mark per barrel for the first time since 2014 on Thursday. The moderate advance was on the back of rising open interest and volume, indicative that further gains remain in the pipeline and with the immediate target at the psychological triple-digit mark in the near term.