Crude Oil Heading For Recent Low Of Move

March Crude Oil futures are trading lower by $1.79 at $27.90 per barrel in Tuesday's session. After several failed attempts to hold the $30 level, the contract has been under constant selling pressure. At this time, it has a low in place of $27.74. That level is just shy of its recent low for the move that was made on January 20 at $27.56. Following the multi-year low, the contract rebounded all the way to $34.82 on January before resuming its prolonged sell off.