Crude oil for may delivery is slightly lower
 

The Euro was weak against the dollar when the ECB president said that if International Monetary Fund took responsibility for bailing out Greece, it would send a negative message and this took the oil prices to a negative side. Chris Dillman, an analyst at Tradition Energy in Stamford, Connecticut said: "Trichet's comments caused the euro to drop and crude pulled back."
Peter Beutel, president of Cameron Hanover in New Canaan, Connecticut said: "Investors were watching Brussels today -- and will continue to focus on it tomorrow -- in the hope that some concrete type of assistance will be thrashed out over the sovereign debt issue."
Crude oil for May delivery settled at $80.53 a barrel on the New York Mercantile Exchange.