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Why trading volume is high in CL: it is driven by core commodity trading, geopolitical factors, OPEC dynamics, and global demand. Today there is a pullback, but trading volume remains active (institutional hedging).
Relevant events: adjustments in macro/energy markets, possibly influenced by demand or supply data.
Outlook for later: short-term consolidation with volatility risks. Watch geopolitical news and inventory data.
$CL