.Crude oil futures is settling at $69.15 after trying to rebound for the very first time in four exchanging days. It was actually not implied to be. The cost is closing reduced for the fourth consecutive day.The high for the day reached $70.78. The low for the day achieved $68.79. What is not sensible is actually that the inventory information remained to reveal drawdowns. Today the crude oil supplies possessed a drawdown of -6.873 thousand gun barrels. Likewise OPEC reclaimed Oct production cuts that were declared just final week.Technically, the cost higher last week slowed merely before its own 200-day moving average. Today the cost fell listed below an upward sloping trendline near $72.26 (observe graph over). On the downside, a swing location comes between $66.86 and also $67.74, as well as currently stands for the following aim at area on further marketing momentum.Overall the cost is actually trading at the lowest degree going back to December 2023. The cost in the end of December closed the year at $71.29. The higher cost hit $87.59 back on April 5. Today's reduced was the low for the year.