.Crude oil futures is clearing up at $69.15 after attempting to rebound for the first time in four exchanging days. It was certainly not meant to be. The cost is closing reduced for the 4th consecutive day.The higher for the day got to $70.78. The reduced for the time reached $68.79. What is actually not sensible is that the inventory data remained to reveal drawdowns. Today the petroleum stocks possessed a drawdown of -6.873 million barrels. Additionally OPEC reclaimed October production cuts that were declared only last week.Technically, the cost high recently delayed simply before its own 200-day relocating standard. Today the price fell listed below a higher sloping trendline near $72.26 (see chart above). On the negative aspect, a swing place comes between $66.86 and $67.74, and also now exemplifies the next aim at place on more selling momentum.Overall the price is trading at the lowest level going back to December 2023. The cost at the end of December closed the year at $71.29. The high cost arrived at $87.59 back on April 5. Today's reduced was actually the reduced for the year.