On Tuesday, crude oil lost 1.84% as expectations for an eleventh straight weekly increase in domestic crude stockpiles weighed on the price. In this way, light crude declined below $100 a barrel for the first time in a week and closed the day at $99.69.

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On Monday, crude oil lost 0.07% as manufacturing activity in the Chicago-area slowed to the weakest level since August in March and Federal Reserve Chair Janet Yellen commentary weighted on the price. Despite these circumstances, light crude closed the day above $101 once again.

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On Friday, crude oil gained 0.31% as upbeat U.S. personal spending data weighted on the price. Thanks to these numbers, light crude extended gains and closed the day above $101 per barrel once again.

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On Thursday, crude oil gained 1.03% as stronger-than-expected U.S. economic data weighted on the price. Thanks to these numbers, light crude closed the day above $101 per barrel and broke above an important resistance.

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On Wednesday, crude oil gained 1.09% as stronger-than-expected data on U.S. durable goods orders weighted on the price. In this way, light crude closed the day above the psychological barrier of $100 for the first time since March 10.

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