The fundamental pressure is building up against crude’s impressive run these past three weeks; and the market has taken the next step in a meaningful reversal. Pulling below the accepted support level of $78, the active futures contract is now forging near two-week lows and further encouraging speculative interest to book profits now and further fan the flames.
Read More Oil Extends Its Declines after a Report that Crude and Gas Inventories Ballooned Last Week
