Crude Oil Reverses from $103 on 3% Volatility Swing

Edgen Stock

·Mar 30 2026, 04:20

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Key Takeaways

Crude oil futures experienced a sharp intraday reversal on March 29, 2026, closing lower after a volatile session. The price failed to hold levels above $103, signaling potential bearish pressure as the market settled near the $100 mark.

Volatile Session: Crude oil (CL=F) recorded a 3.04% intraday price swing, highlighting significant market uncertainty.
Bearish Reversal: The contract opened at $102.60 and hit a high of $103.38 before closing near the session low at $100.64.
Key Levels Tested: Price action demonstrated a failure to sustain momentum above the $103 resistance level, with the market settling near the psychological $100 support mark.

Crude Oil Swings 3.04% in Bearish Reversal

Crude oil futures (CL=F) experienced significant price volatility on March 29, 2026, culminating in a notable session loss. The contract recorded an intraday amplitude of 3.04%, swinging between its high and low points within the trading day. This sharp movement reflects heightened uncertainty among traders, erasing early gains and establishing a bearish tone by the market close.

Futures Fail to Hold $103, Settle Near $100

The trading session began with an opening price of $102.60, with initial optimism pushing the contract to a high of $103.38. However, sellers entered the market with force, driving the price down to a session low of $100.26. The contract ultimately settled at $100.64, a clear rejection of higher prices for the day. The session's trading volume was 55,148 contracts, indicating active participation in the downward price move.