.Crude oil futures is working out at $69.15 after attempting to rebound for the very first time in four exchanging days. It was not meant to be. The price is actually shutting lesser for the 4th consecutive day.The high for the time reached $70.78. The reduced for the day got to $68.79. What is actually certainly not reasonable is actually that the inventory data continued to reveal drawdowns. Today the crude oil supplies had a drawdown of -6.873 thousand gun barrels. Additionally OPEC took back Oct production decreases that were declared just final week.Technically, the price high last week delayed simply in front of its 200-day relocating average. This week the cost fell below an up sloping trendline near $72.26 (see graph over). On the negative aspect, a swing region comes between $66.86 as well as $67.74, and now represents the upcoming aim at place on further selling momentum.Overall the price is trading at the lowest level getting back to December 2023. The price by the end of December closed the year at $71.29. The high cost arrived at $87.59 back on April 5. Today's low was the low for the year.