.Crude oil futures is settling at $69.15 after attempting to rebound for the very first time in four exchanging times. It was actually not suggested to become. The cost is shutting lesser for the 4th consecutive day.The high for the day achieved $70.78. The low for the day achieved $68.79. What is not rational is actually that the stock data continued to present drawdowns. Today the petroleum supplies possessed a drawdown of -6.873 thousand barrels. Additionally OPEC repossessed Oct development decreases that were actually introduced only last week.Technically, the cost high last week stalled just before its 200-day relocating average. Today the price dropped listed below a higher sloping trendline near $72.26 (view graph over). On the downside, a swing area interposes $66.86 as well as $67.74, as well as currently exemplifies the following intended area on further selling momentum.Overall the rate is trading at the lowest amount getting back to December 2023. The cost at the end of December closed the year at $71.29. The high rate reached $87.59 back on April 5. Today's low was actually the low for the year.