On Tuesday, crude oil gained 1.60% after an information that a pipeline connecting Oklahoma storage with Gulf Coast refineries will be open sooner than previously expected. Thanks to this news, light crude rebounded, finishing the day above $99 per barrel.

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On Monday, crude oil lost 1.03% as tensions between Russia and Ukraine eased and U.S. manufacturing activity data disappointed investors. Because of these circumstances, light crude reversed and closed the day slightly below $98 per barrel.

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On Friday, crude oil gained 0.78% as Sunday's closely-watched referendum in Ukraine’s Crimea region and the IEA forecast weighted on the price. Thanks to these circumstances, light crude extended gains and closed the day slightly above $99 per barrel. Despite this growth, crude oil lost 3.56% in the previous week and this was the second weekly loss in nine weeks.

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On Thursday, crude oil gained 0.17% after stronger-than-expected data on U.S. retail sales and initial jobless claims data. In this way, light crude rose for the first time in four days and closed the day above $98 per barrel once again.

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On Wednesday, crude oil lost 1.46% after the EIA showed in its weekly report a much larger-than-expected build in domestic stockpiles. An additional bearish factor which pushed the price lower was an announcement that the U.S. government plans to sell oil from its Strategic Petroleum Reserve. Thanks to this news, light crude dropped to its lowest level since Feb.7, finishing the day slightly above $98 per barrel.

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