Oil prices again being lead by dollar and euro swings

Oil prices fell in trading on Tuesday in Asia as in currency markets, the euro weakened against the dollar with US Light crude oil futures for June trading at $76.41 a barrel at 0558 GMT on Tuesday. Many crude oil traders are more keenly watching the euro zone crisis developments, amid expectations of continued euro v dollar volatility, said Koichi Murakami, a trader with broker Daiichi Shohin in Tokyo. “The market does not think all the euro zone’s problems are over. With a bit more negative news, like another downgrade of a government bond, crude prices may test further lows,” Murakami said. “The market sentiment is far from bright” despite Monday’s rebound, given that June Nymex crude “ended in floor trade far lower than the high of above $78 in electronic trading” marked earlier on the day, said Ken Hasegawa, an analyst with Newedge Japan. Euro in Greek tailspin, US dollar firms & oil prices holding out US Light oil trading higher, near $82 on Goldman, markets Crude oil prices hit 2010 trading high on falling US dollar Crude oil prices trading lower on stronger US dollar Crude oil prices trading under $81 eyes on Fed, US dollar Oil prices trading steady, awaits US crude inventory data Light oil prices trading around $74, eyes on US Dollar US Light oil prices trading near $75, investors eye US dollar Oil prices & commodities trading higher, US dollar slides Light oil price trading near $80 on US inventories data, dollar Oil prices trading back down to $82 on stronger US dollar Light oil price trading up as US dollar takes a knock Oil prices trading up 3 percent on a falling US dollar Oil prices trading higher on Monday amid weaker US dollar Oil prices trading range at $80 mark on US Dollar Index Oil prices trading lower as US dollar makes gains Crude oil prices gain as traders eye global stock markets Oil prices trading negative on profit taking, stock markets Oil prices trading down two percent on stronger US dollar Oil prices above $82 as traders look to US supplies, OPEC

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Oil prices again being lead by dollar and euro swings