Crude Oil Futures: Scope for extra gains

Considering advanced prints from CME Group for crude oil futures markets, traders added around 9.2K contracts to their open interest positions after three daily drops in a row on Monday. Volume, instead, remained erratic and went down by around 61.4K contracts.

WTI now targets the $100.00 mark near term

WTI prices started the week on a strong foot and surpassed the $97.00 mark amidst increasing open interest. Against that, further advance remains on the cards for the commodity in the very near term and with the next target at the key $100.00 mark per barrel.