Crude Oil Futures: Up Up Up you go

Open interest in crude oil prices went up for the four consecutive session on Monday, this time by around 15.4K contracts considering flash data from CME Group. Volume followed suit and rose by around 210K contracts, reversing the previous daily pullback.

WTI now targets $80.00/bbl

WTI extended the rally on Monday amidst rising open interest and volume and now trades at shouting distance from 2021 highs just below $77.00 (July 6). Against this, the commodity is expected to advance further in the very near term and now targets the key $80.00 mark per barrel, level last traded back in November 2014.