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March Crude Oil futures are trading lower by $1.27 at $26.18 in Thursday's session. It is trading lower for the sixth day in a row, falling from its February 3 close ($32.88) to its current level.
After making a new low for the move on Wednesday at $27.24, it rallied to settle at $27.45. It staged an intra-day rally around 10 a.m. ET, that peaked just above the close at $27.48.
It is now making its third attempt to trade in the $25 handle as the first two attempts were thwarted at $26.22. At this time, the low for the day stands at $26.12.
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