Obama is outlining all the magical ways that the US will reduce its dependency on foreign oil but crude prices ain’t buying it…They are up sharply since he began his speech, by about a buck.
Looks like we could be in for a long afternoon as the market awaits the week’s main event on Friday, the employment report.
Offers are seen at 1.4120/30 near-term with more at 1.4140/50. Looks like 1.4050/1.4150 remains the primary range…
