March Crude Oil futures are trading lower by $1.37 at $28.20 in Wednesday's session. It has made a new multi-year low for the third day in a row.
In the after hours session on Tuesday, the contract attempted to rally but found sellers just above Tuesday's close ($29.57), reaching $29.65 before turning lower.
Once it breached the former low for the move ($29.35), it tumbled to $28.02. At this time it has rebounded no higher than $28.26.
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