Crude's recent decline has brought prices down to $100/barrel again, a price which also seems to have sentimental value to many commodity traders. Oil neared $100 in November, December and January before speculation (and we expect short covering) pushed the commodity above $110. The last three trading days have seen crude drop below $100, but so far is has held. If the decline continues the next significant price is $90, although the lower end of the November - February range is $87.50.
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