The current price of European 3.5% Fuel Oil Cargoes FOB MED (Platts) Futures is 453.878 USD — it has risen 0.04% in the past 24 hours.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For European 3.5% Fuel Oil Cargoes FOB MED (Platts) Futures this number is 13.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for European 3.5% Fuel Oil Cargoes FOB MED (Platts) Futures shows that traders are closing their positions, which means a weakening trend.