Crude OIl Makes New Low For The Move

Marcch Crude Oil futures are trading lower by $$0.26 at $27,68 in Wednesday's session. The contract had a brief spike to $29,22 off a surprise inventory draw, but the rally quickly faded. The ensuing decline has taken the contract to a new low for the move, surpassing the old low ($27.56), reaching $27.39. The lowest close for the recent slide was posted on Tuesday at $27.94.