WTI crude oil falls for the fourth day, but holds the November low

<p>WTI crude oil settled down by 72-cents to $72.32 today.</p><p>It fell as low as $72.17, which was just a cent above the November low. The settlement today is the lowest since July.</p><p>It was a choppy session as oil bounced from the November low and got some support from higher Saudi-grade pricing and positive comments on extending the OPEC deal from Russia's Novak.</p><p>Still, that wasn't enough to spark any kind of sustainable rally as oil fell for the fourth day. A break of the November lows would squarely target the summer lows near $68.</p>

This article was written by Adam Button at www.forexlive.com.