crude today breaks it range of $ 95 once so let see as todays fall is very sharp after a long time. Also there is news of opec export cut and at 15 months low.
From some source:Crude-oil futures have been stuck in a tight trading range between $95 and $98 a barrel for over a month. While investors have grown increasingly optimistic about the U.S. economic recovery, many are concerned that bottlenecks in the U.S. will continue to keep domestic oil prices at a deep discount to oil traded overseas.
Additionally, rising gasoline prices in the U.S. have started to raise concerns that demand could begin to suffer as drivers look for ways to shrink transportation spending.