.Crude oil futures is settling at $69.15 after making an effort to rebound for the first time in four trading days. It was not suggested to become. The cost is closing lower for the 4th successive day.The high for the day achieved $70.78. The low for the day achieved $68.79. What is not sensible is actually that the supply information remained to reveal drawdowns. Today the crude oil stocks possessed a drawdown of -6.873 million gun barrels. Likewise OPEC took back Oct creation cuts that were actually declared only last week.Technically, the rate higher last week stalled only in front of its own 200-day relocating average. Today the cost fell below an up sloping trendline near $72.26 (view chart above). On the drawback, a swing area comes between $66.86 and $67.74, as well as currently exemplifies the upcoming target location on further selling momentum.Overall the price is trading at the lowest degree getting back to December 2023. The rate in 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.