May Crude Oil Makes Another Run At $42

May Crude Oil futures are unchanged i at $41.52 in Tuesday's session. After making its intra-day low at $40.77 just before open of the equities market, it staged a rally along with the broad market. The ensuing rally has taken the issue to a familiar area at the $42 level. Although the high for the recent rally was made last Friday at $42.49, three other highs in the last four sessions flank the $42 level. Last Thursday's high ($41.82), Monday's high ($41.80) and the current high ($41.90) all surround the psychological level of $42.