Crude oil was sitting at just above its recent low and level of technical support over recent trading sessions. Crude oil is the energy commodity that continues to power the world. Despite the growing trend that embraces alternative fuels in place of hydrocarbons, oil demand around the globe remains robust.
A combination of concerns over the environment and technological advances will likely reduce oil's role in the future. However, the price action in the futures arena for crude oil will continue to be active, given the level of worldwide demand.
The two benchmarks for pricing