On Tuesday, crude oil lost 1.46% as market fears over Ukrainian geopolitical tensions eased after Russian President Vladimir Putin statement. These circumstances encouraged investors to lock in gains and pushed light crude to slightly above $103 per barrel.

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On Monday, crude oil gained 2.04% as positive U.S. economic data weighted on the price. In this way, light crude extended gains and broke above the February high, finishing the day slightly below $105 per barrel.

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On Friday, crude oil gained 0.59% as the U.S. dollar weakened against the euro after the release of positive euro zone economic reports and disappointing data from the Commerce Department. In this way, light crude erased Thursday losses and closed the day above $102 per barrel once again.

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On Thursday, crude oil lost 0.42% after weaker-than-expected U.S. jobless claims and forecasts for warmer weather in early March pushed the price lower. In this way, light crude erased some of Wednesday gains and closed the day slightly above $102 per barrel.

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On Wednesday, crude oil gained 0.75% after the EIA data showed that crude inventories rose less than expected and better-than expected economic data. In this way, light crude rebounded and closed the day above $102 per barrel.

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