I'll bite
"The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. , announced today that its crude oil futures contract reached record open interest levels for the third consecutive day."
What am I learning, or not as a matter of fact.
yitbos
Actually, crude OI is rising just a little bit over the past week. Natgas OI, though, is off 30K contracts in a week's time, and the mkt is down some 6-7% during that period, This is clearly the liquidation of long positions.