Market Overview

Crude Oil Futures Dip Under $30

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March Crude Oil futures are trading lower by $1.24 at $30.38 per barrel in Tuesday's session. After a lower open, it found resistance ahead of Monday's close ($31.62), only reaching $31.53 before continuing its decline.

It easily surpassed Monday's low ($31.29) and breached the $30 level, reaching $29.81 before rebounding back above $30. This marks the first time since January 25 it has fallen under $30, when it bottomed at $29.25. The contract is now over $4 lower from a peak last Thursday at $34.82.

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