Crude Oil Flirts With Low Of Move

February Crude Oil futures are trading lower by $0.78 at $32.38 in Monday's session.

Around 8:30 AM, the contract spike higher but found resistance just above Friday's close ($33.16), reaching $33.20 before reversing course.

The ensuing decline has taken well into the $32 handle, with the current low standing at $32.34. The low for the extended move stands at its Janaury 7 low ($32.10).