Crude Lower

April Crude Oil futures are trading lower by $1.05 at $32.34 per barrel in Tuesday's session. After closing over $33 for the first time since February 5, Monday's close of $33.39 was only exceeded briefly, when the contract peaked at $33.53 in premarket trading. The ensuing decline has taken the contract well into the $32 handle, with $32.10 standing as the current low. If the decline continues there may be additional support in between the pair of lows from Friday ($31.34) and Monday ($31.61).