.Crude oil futures is working out at $69.15 after attempting to rebound for the first time in 4 trading times. It was actually certainly not suggested to be. The price is shutting lesser for the 4th successive day.The high for the day reached $70.78. The low for the day reached $68.79. What is certainly not reasonable is that the inventory data continued to show drawdowns. Today the crude oil inventories had a drawdown of -6.873 thousand barrels. Additionally OPEC took back October development cuts that were introduced simply last week.Technically, the cost high recently delayed simply in advance of its 200-day moving average. Recently the rate fell listed below an upward sloping trendline near $72.26 (observe graph above). On the drawback, a swing area comes between $66.86 and also $67.74, as well as currently exemplifies the following aim at location on more selling momentum.Overall the cost is actually trading at the lowest degree getting back to December 2023. The price by the end of December shut the year at $71.29. The high cost reached $87.59 back on April 5. Today's reduced was actually the reduced for the year.