Crude Oil Retreats After Two-Day Rally

March Crude Oil futures are trading lower by $0.95 at $31.24 in Monday's session. The contract is falling back after a $5-plus rally from last Wednesday's multi-year at ($27.56) to its pre-market high of $32.74.

Early in the pre-market session, it matched its January 14 high at $32.74 and began to move lower. The ensuing decline found intra-day support at $30.71 and rebounded to $31.73, before falling back to its current level.