Crude oil outlook – oil rises above 73, euro breaks 1.23

Asia and brighter prospects for a stronger US recovery pushed crude oil beyond 73.32 dollars at NYMEX in electronic afternoon trading in Europe. Euro recovered part of its weakness and pushed pass 1.23 to a US dollar. By the time New York opens for business, oil should make a smart recovery and possibly break 75 dollars to a barrel before the day is done. All eyes on USO J