CME Group’s flash data for crude oil futures markets noted traders added more than 11K contracts to their open interest positions on Thursday following two daily pullbacks in a row. On the other hand, volume dropped by around 35.5K contracts after two consecutive daily builds.

WTI could retest the 200-day SMA around $95.00

WTI prices retreated from the boundaries of the $100.00 mark per barrel on Thursday amidst rising open interest. Against that, WTI could extend the decline in the very near term and challenge the key 200-day SMA, today at $95.00.