.Crude oil futures is working out at $69.15 after trying to rebound for the very first time in 4 exchanging times. It was actually certainly not meant to be. The rate is actually closing lesser for the fourth consecutive day.The high for the time reached $70.78. The low for the day reached $68.79. What is actually certainly not logical is that the supply information continued to present drawdowns. Today the petroleum stocks had a drawdown of -6.873 million barrels. Also OPEC reclaimed Oct manufacturing cuts that were revealed only final week.Technically, the rate higher recently stalled only in advance of its 200-day relocating average. Recently the rate dropped below a higher sloping trendline near $72.26 (view chart over). On the negative aspect, a swing area interposes $66.86 as well as $67.74, and also right now works with the following intended location on additional selling momentum.Overall the rate is actually trading at the most affordable level getting back to December 2023. The rate at the end of December closed the year at $71.29. The high cost reached $87.59 back on April 5. Today's low was actually the low for the year.