Crude Oil Futures Lower

July Crude Oil futures are trading lower by $0.74 at $50.49 in Thursday's session. The contract did make a new high for the move by a nickel, when it reached $51.67 in after-hours trading.

After reaching that level, it reversed course and did not find much support until it surpassed Wednesday's low ($50.32), reaching $50.23. Since making that low it has rebounded to $50.67.