Futures Trading Drops, Bearish Sentiment Prevails

Futures trading at NYMEX showed a general decline, with December contracts settling at $4,187.20, down $25.70. Nearly all listed contracts from late 2025 to early 2027 experienced similar drops. Estimated sales reached 152,485 contracts, significantly lower than Fridays 219,663. Open interest rose by 656 to 425,787, indicating new positions or maintained existing ones despite price drops. The days activity suggests sellers dominated, leading to a broad-based reduction in contract values.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.