By FX Empire.com

Economic Events: (GMT)

WEEKLY

Crude Oil Fundamental Analysis February 15, 2012, Forecast

Crude Oil Fundamental Analysis February 15, 2012, Forecast

Analysis and Recommendations:

Crude Oil lost 17 cents, or 0.2%, to $100.74 a barrel, as technical strength seen earlier in the day evaporated due to pressure from weak retail sales, lower U.S. stocks, and a higher dollar. That’s it in a nutshell today. Updated news just out says the EU cancelled Wednesdays meeting as the Greece plan comes up short and is not acceptable to the EU. Do you hear default. This should push up the USD in Wednesdays trading session.

Originally posted here