InvesTech - Chart of the Week - 06/20/11
Charts courtesy of James Stack InvesTech Research

Crude oil prices moved down to $93 per barrel on fears that recurring debt problems in Greece will result in slowing European economic growth. Going forward, the overall outlook for global growth will continue to have an important impact on the price of oil and we’ll be watching crude prices closely in the months ahead.

The U.S. dollar inched higher last week as a result of ongoing political and financial difficulties in Greece. If the U.S. economy manages to remain on stable footing, the Fed will have some leeway to pull back from its current easy-money policies. If so, this could further help support the dollar. Stay tuned for updates.


