•Crude futures weakened in European morning trading Tuesday on a lack of support, having rallied by more than $2.00/barrel Monday on a combination of bullish weather and a refinery outage in the US.

•"Heat oil has taken over the leadership of the complex and should be monitored for further directional signals"

•Trading is expected to be on the choppy side for the rest of the week, with more economic data due to be released and Wednesday's US crude inventory data from the Energy Information Administration likely to set the tone.

Updated: February 12, 2008