Cameron Hanover – Daily Energy Hedger – September 29, 2010

Oil prices started out moving lower on Tuesday as international equities were weaker starting out, and as the euro started the day only steady to slightly higher against the dollar. Both of those turned stronger as the day wore on, with the euro gaining dramatically against the greenback as the day progressed, and with equities posting decent gains, but they were not enough to overcome a bearish consumer confidence figure and some late fundamentals that were bearish.