International Business Times

Crude Oil Fundamental Analysis February 8, 2012, Forecast

February 7, 2012 11:14 PM GMT

FXEmpire

Economic Events: (GMT)

WEEKLY

 

Crude Oil Fundamental Analysis February 8, 2012, Forecast
Crude Oil Fundamental Analysis February 8, 2012, Forecast

Crude Oil Fundamental Analysis February 8, 2012, Forecast

Analysis and Recommendations:

Follow us

Crude Oil is currently trading  at 98.50 up 1.59 or 1.6% for the day off of the high of 99.15. The USD plunged today as the euro soared on news of a possible agreement in Greece. After initial weakness crude moved up 1.6% higher on Tuesday, gaining as Greece reportedly neared a deal that could avoid a messy default and drag the world economy down with it.

Review of Tuesday's Econmic Reports

00:01

 

GBP

   

BRC Retail Sales Monitor (YoY) 

-0.3%

 

-0.8% 

 

2.2% 

03:30

For more reports, go to FXEMpire
Sponsor Link:
Join the Conversation
Most popular
IBTimes TV

73 yr Old Becomes Oldest Woman to Climb Mount Everest

Global Markets
Existing Home Sales Jump, World Banks Lowers China Forecast, Euro Prepares for Greek Exit