•Global crude futures hit new all-time highs Tuesday, testing resistance levels as the current weakness in the US dollar continued to exert more immediate influence on oil and commodities markets than headlines.

•Earlier Tuesday, front month ICE Brent hit $110.45/b while NYMEX crude touched $112.48/b, both all-time highs.

•"The market is not racing ahead today, despite the new highs," said a London-based broker. "Europe does not really want to play. We'll have to see how the market behaves once the the US opens."

•The US dollar slipped further Tuesday against the euro, having plunged during Monday trading.

Updated: April 15, 2008