February low price of $43.32 taken out
The price of crude oil futures have traded to a new low going back to December 2018. The low for the day just reached $42.79 after the news from OPEC+ that they have not reached a deal on cuts. That took out the low price from February at $43.32. The current prices back up toward that level. Traders will be watching for momentum back above that level in order to give any buyers a shot.