Crude oil futures are ``very weak'' and are poised for a drop to $58 a barrel, according to a technical analysis by Newedge Group.
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Oil 'very weak,' poised for drop to $58:
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Crude oil prices drop Tuesday
41627
Crude futures hits lower circuit
40099
US stock futures edge lower
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Oil hovers below $73 a barrel
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Oil trades below $72
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Crude oil futures retreat under $103 a barrel
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Crude oil falls to seven week lows
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Crude oil futures neared $93 a barrel in Asia today supported by the decline in the inventories..
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Stock futures point to a lower open
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Crude oil prices settle lower
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Crude output to fall in March
143687
Oil falls below $90 a barrel
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Crude oil may fall as gold gains on US jobless Claims data
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Oil falls to $115 on economic weakness
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Stock futures trading slightly lower
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Oil prices fall below $85 a barrel