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Open Interest Falls Further

OIL FUTURES

Open interest in Nymex WTI and ICE Gasoil continue to set new multi-year lows

  • Both oil markets are showing the lowest open interest since 2015.
  • ICE Brent open interest is more stable but still generally drifting lower and near to mid-2015 levels.
  • Low liquidity in oil markets is likely to be increasing market volatility and price swings

Source: Bloomberg

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