NYMEX Futures: Positive Short-Term Outlook

Todays New York Mercantile Exchange futures trading shows a positive sentiment for near-term deliveries, with significant gains in December, January, and February contracts. Estimated sales reached 658,278 contracts, a substantial increase from Monday, indicating increased trading activity. However, open interest decreased by 40,038, settling at 1,922,948. Longer-term contracts showed smaller gains or slight declines, suggesting a more stable or slightly bearish long-term outlook for some commodities. Overall, the market presents a mixed but generally positive picture for the short term.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.