Crude Oil Futures Surrender Gains

March Crude Oil futures are trading lower by $0.23 at $30.16 per barrel in Tuesday's session. Around 7:00 AM it rallied but found resistance well ahead of Friday's high ($32.13), only reaching $31.36 before turning lower. Based on the March contract, it has surpassed it former low of the move made on Friday at ($30.10), reaching $29.35 before rebounding back into the $30 handle. Also, the contract posted it lowest close for the recent slide, when it ended the session at $30.39.