Crude Oil Futures Slightly Lower

July Crude Oil futures are trading lower by $0.32 at $48.09 per barrel in Monday's session. In pre-market trading, the contract found resistance just above Friday's close ($48.41), reaching $48.50 before turning lower.

The ensuing decline found support just ahead of Thursday's low ($47.26), only reaching $47.40 before rebounding back into the $48 handle.