Crude Oil Under $30

February Crude Oil futures are trading lower by $1.58 at $29.62 in Friday's session. Following a flat open in the after hours session, the contract could not clear Thursday's close ($31.20), only reaching $31.18. The ensuing decline breach the trio of lows near the $30 level, taking the contract all the way $29.28. Since making the low. it has not been able to reenter $30 handle as the rebound rally off the lows stalled at $29.96.