Crude Oil Futures: Room for further losses

CME Group’s flash data for crude oil futures markets saw traders add around 20.1K contracts to their open interest positions on Tuesday. Volume, instead, shrank for the third session in a row, this time by around 73.5K contracts.

WTI faces support around $95.00

Prices of the barrel of the WTI charted a negative session on Tuesday. The daily drop came amidst rising open interest, which is supportive of further decline in the very near term. That said, the commodity still faces decent contention around the $95.00 mark per barrel.