Crude Oil Futures: Extra gains on the cards

CME Group’s flash data for crude oil futures markets saw open interest rise by around 6K contracts on Tuesday. Volume followed suit and increased for the second straight session, this time by around 37.2K contracts.

WTI now targets $109.00 and above

Prices of the barrel of WTI regained upside traction and closed with decent gains on Tuesday. The move was accompanied by rising open interest and volume and opens the door to a probable advance to the April peak past the $109.00 mark per barrel.