Crude Oil Tanks To New Low And Rebounds

February Crude Oil futures are trading lower by $0.77 at $33.20 in Thursday's session. After a higher open, it staged a rally before finding resistance at $34.26 and reversing course. It easily surpassed it former low of the move ($33.77) made on Wednesday, falling all the way to $32.10. The ensuing rally came of short of Wednesday's low ($33.77), only reaching $33.65 before retreating to its current level.