September crude oil prices traded lower during the early morning hours, pressured by global growth concerns and a bounce in the US Dollar. Weaker than expected second-quarter growth figures out of Germany and the Euro zone have elevated concerns of the global economy falling back into a recession and fostered a risk-off mentality this morning. Some traders indicated that the focus this morning could be the summit between French President Nicolas Sarkozy and German Chancellor Angela Merkel. It seemed that part of yesterday's gains in crude oil came in response to hopes that today's summit could result in a solution to stem the European debt crisis from spreading. The crude oil market will get a number of US economic readings this morning, with Import and Export prices, New Housing Starts and Industrial Production.