Chart of the Week

Crude oil prices are fluctuating near $100 per barrel as tensions continue in the Middle East. Going forward, the overall outlook for the global economy will continue to have an important impact on the price of oil and we’ll be watching this closely in the months ahead.

The U.S. dollar has softened on Euro strength related to headway made by Greece to resolve its debt negotiations. With the Fed now on hold through mid-2013, it’s likely that the U.S. dollar outlook could hinge on deficit reduction efforts. Stay tuned for updates.