4 Global Market Updates- 3 August, 2022

 

In this article, we have covered the highlights of global market news about the Crude Oil Price, GBP/USD, USD/CAD and EUR/USD.
Crude Oil Futures: More consolidation is on the way

According to CME Group advanced prints, open interest in crude oil futures markets fell by roughly 8.2K on Tuesday after three consecutive daily gains. Following two daily increases in a row, volume fell by roughly 108.7K contracts.

On Tuesday, the WTI recorded an indecisive session amid declining open interest and volume, indicating the persistence of the range-bound theme in the very near term. So far, the commodity has been supported by a price of $90.00 per barrel.

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