WTI Crude Oil futures opened the week moving higher, reversing a recent decline to one-month lows and rallying to $59 per barrel. The session ended a three-day skid as expectations for a Fed rate cut next month doubled from 40% to nearly 80%. Volatility in the sector has continued to rise over the last few weeks. Meanwhile, data from the CFTC showed speculators exiting net long positions, marking decade lows.
Learn More: https://www.cmegroup.com/markets/energy.html
#crudeoil #energy #futures
Learn More: https://www.cmegroup.com/markets/energy.html
#crudeoil #energy #futures