Categorized | Price Action

US crude front-month daily trade volume hits record

Posted on 06 February 2010 by admin

The daily volume of front-month crude oil futures traded on the New York Mercantile Exchange hit a record on Friday.

The surge came as prices fell after the dollar rose sharply and amid worries about the jobs market after a mixed government employment report.

Trading volume for the front-month contract, currently for March delivery CLHO, hit an estimated 540,000 positions as of 2:50 p.m. EST…

Read More at Reuters

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