Crude Oil Futures Lower

February Crude Oil futures are trading lower by $0.20 at $33.07 in Friday's session. The rally during the pre-market session stalled in the same area as in Thursday's session.

On Thursday the contract peaked at $34.26 and it could go no farther than $34.34 in today's session before reversing course.

The ensuing decline has taken the issue under $33, but it found support well ahead of Thursday's low ($32.10), only reaching $32.64. At this time, it attempting to remain in the $33 handle.