Crude Oil Lower Despite International Tensions

February Crude Oil futures are trading lower by $1.75 $34.22 in Wednesday's session. Despite international political tension, the contract has made a new low for the move. On many occasions, in times of turmoil Crude Oil will rally in fear of a tightening of supply. Instead the contract has made a new low for move based the February contract. In fact, it made a new low by over $1, eclipsing the former low of $35,35, falling to $34,17 and as of yet, has not been able to distance itself from level.