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May, 14 - WTI stays capped

Open interest went up by more than 45K contracts on Wednesday.

wtiimage14052020On the other hand, volume shrunk by around 83.5K contracts.

Prices of the barrel of the WTI are seen extending the prevailing consolidative fashion in the short-term horizon on the back of inconclusive trends in open interest and volume. That said, the barrel of West Texas Intermediate remains limited by the $28.00 mark for the time being.
wti14052020

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