Oil looks lower, but it should form a Bear flag of sorts here before resuming the downside momentum.
After the kind of move it had, a reversal out of thin air, baring some giant news is unlikely.
Oil snaps 2 days of steep losses, gains modest - SFGate
http://www.sfgate.com/
See Site Index. By early afternoon in Europe, benchmark crude for April delivery was up 30 cents to $93.14 a barrel in electronic trading on the New York Mercantile Exchange.
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