.Crude oil futures is settling at $69.15 after trying to rebound for the first time in 4 trading days. It was actually certainly not indicated to be. The price is actually closing lesser for the 4th successive day.The high for the time achieved $70.78. The low for the time achieved $68.79. What is not logical is that the inventory records remained to present drawdowns. Today the petroleum inventories had a drawdown of -6.873 million gun barrels. Also OPEC repossessed October manufacturing decreases that were introduced simply final week.Technically, the price high recently delayed merely ahead of its 200-day relocating standard. Recently the price fell listed below a higher sloping trendline near $72.26 (view graph over). On the disadvantage, a swing place interposes $66.86 and $67.74, and also now stands for the following target place on additional selling momentum.Overall the cost is actually trading at the most affordable level getting back to December 2023. The rate by the end of December closed the year at $71.29. The high price got to $87.59 back on April 5. Today's reduced was the low for the year.