Crude Oil Back In The $30 Handle

March Crude Oil futures are trading higher by $1.45 at $30.49 in Wednesday's session. In pre-market trading, it found support just above Tuesday's low ($28.70), only reaching $28.73 before turning higher. The contract just made a new high for the session at $30.87 with continued talks coming out of Iran for coordinated cutbacks in supply. On Tuesday, Crude spiked to $31.53 when similar information surfaced.