By FX Empire.com
Crude oil prices rose on Tuesday, as stocks rose, meanwhile, investors remained cautious before the Slovak vote for expanding the European rescue fund later in the day, which enhanced demand on the dollar as a favorite safe haven. The Slovak Parliament will discuss the expansion of the EFSF amid frictions between policy makers regarding the broadening of the European lifeline.
The outlook for crude oil prices remains generally to the downside, as persistent fears from the EU debt crisis and signs global growth is slowing are likely to keep crude oil prices under pressure.
Wednesday October 12:
The focus on Wednesday will be on the FOMC minutes for the last meeting when the Fed announced “operation twist” and with the lack of major fundamentals investors will keep their focus on the minutes for any hints for the coming move from the Federal Reserve.
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