Crude Oil Futures Lower - United States Oil Fund (ARCA:USO)

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March Crude Oil futures are trading lower by $0.58 at $30.86 in Wednesday's session. In after-hours trading, the contract swooned to $30.14 before staging a rebound.The ensuing rally has not been able to reach Tuesday's close ($31.45), as the rally has stalled at $31.32. Major resistance in the contract in the issue stands at the trio of highs from $32.35-$32.74 from Friday, Monday and Tuesday sessions.

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