Crude oil for may delivery is slightly lower

[gnutrade.satya]

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.