Crude Oil Breaches $42 And Attempts To Rebound

Crude Oil futures are trading lower by $0.70 at $42.23 in Thursday's session. This marks the sixth day in the last seven sessions it has been in the red, falling from its November 3 close ($47.90) to its current level. In today's session, it has reached $41.69 and rebounded back over $42. That market the lowest level for the issue since it bottomed on August 27 at $39.80. Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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