On Tuesday, crude oil lost 0.21% on continued concerns over a slowdown in China and weakness in the U.S. housing sector. Because of these circumstances, light crude erased earlier gains and declined below the psychological barrier of $100 per barrel once again.

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On Monday, crude oil lost 0.13% as weaker than expected manufacturing data weighted on the price. In this way, light crude slipped under $100 per barrel and closed the day below this important barrier once again.

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On Friday, crude oil gained 0.95% as concerns about economic sanctions against Russia weighted on the price. In this way, light crude climbed above $100 for the first time since March 11. Despite this increase, crude oil gave up the gains in the following hours and finished the day below this important barrier once again.

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On Thursday, crude oil lost 0.52% on continued concerns about high domestic supplies and a strong U.S. dollar. Because of these circumstances, light crude finished the day below $99 per barrel.

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On Wednesday, crude oil rose after the EIA showed in its weekly report a much larger-than-expected drop in petroleum-product stockpiles. An additional bullish factor which pushed the price higher was an announcement that the Federal Reserve would further reduce its bond-buying program. Despite these positive circumstances, light crude finished the day 43 cents below Tuesday closing price.

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