Crude Oil Closes Modestly Lower Following Volatile Session

(RTTNews) – Following the steep drop seen last Friday, the price of crude oil saw considerable volatility over the course of the trading session on Tuesday.

In its last day as the front-month contract, crude for March delivery edged down $0.16 or 0.2 percent to $76.16 a barrel after jumping as high as $77.51 a barrel and falling as low as $75.69 a barrel.

The more actively traded crude for April delivery dipped $0.19 or 0.3 percent to $76.29 a barrel after reaching a high of $77.74 a barrel and a low of $75.90 a barrel.

With the modest decrease on the day, the price of crude oil closed lower for the fifth consecutive session.

The volatility on the session came as traders weighed…

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