Crude Oil Futures Sharply Higher

March Crude Oil futures are trading higher by $1.85 at $31.38 in Friday's session. It nearly $4 higher than its multi-year low that was made on Wednesday at $37.56. In after-hours trading, it bottomed right at $Thursday's close ($29.53) and began to move higher. So far, it has reached $31.74 and retreated to its current level. If the rally continues. there may be additional resistance at its January 15 high of $32,15