Crude Oil Futures: Rangebound trade well in place

Open interest in Crude Oil futures markets shrunk by around 6.5K contracts on Wednesday, according to flash data from CME Group. In the same line, volume went down for the fourth session in a row, now by more than 28K contracts.

WTI: Consolidation is the name of the game

No changes in the outlook for WTI, which keeps navigating within a consolidative range, always below the $44.00 mark per barrel.