Crude Reaches $45 Handle And Retreats

June Crude Pol futures are trading higher by $0.36 at $44.40 in Wednesday's session. In after hours trading on Tuesday, the contract, cleared the major resistance at the $44.50 and continued higher during the premarket session. The ensuing rally took the Crude Oil all the way to $45.18 before falling back under $45. That marks the first time it has been over $45, since it reached $45.02 on December 15. After the 10:30 AM data on inventories, the contract has a made a new low for the session at $44.29.