.Crude oil futures is actually settling at $69.15 after trying to rebound for the very first time in four exchanging times. It was actually not meant to become. The cost is actually closing lesser for the fourth consecutive day.The high for the day achieved $70.78. The reduced for the day got to $68.79. What is actually certainly not rational is that the inventory data remained to show drawdowns. Today the crude oil stocks had a drawdown of -6.873 thousand gun barrels. Also OPEC reclaimed Oct creation decreases that were actually declared merely last week.Technically, the cost high last week slowed only in front of its 200-day relocating standard. Recently the cost fell below an up sloping trendline near $72.26 (view chart above). On the downside, a swing area interposes $66.86 and $67.74, and also currently represents the upcoming intended place on further marketing momentum.Overall the cost is actually trading at the lowest amount going back to December 2023. The price at the end of December shut the year at $71.29. The high price reached $87.59 back on April 5. Today's reduced was the reduced for the year.