On Tuesday, crude oil gained 0.42% as Federal Reserve Chair Janet Yellen signaled that the Fed will likely continue tapering monthly bond purchases if the economy improves. Thanks to this news, light crude hit a fresh six-week high and closed the day above $100 once again.

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On Monday, crude oil extended gains and hit a fresh six-week high before pulling back on forecasts for slightly warmer weather. Thanks to this news, light crude lost 0.17% and closed the day at the psychological barrier of $100 per barrel.

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On Friday, crude oil gained 2.27% as the U.S. dollar weakened against major currencies after a monthly U.S. employment report came in weaker than expected. Thanks to this circumstances, light crude extended gains and rose above $100 per barrel for the first time in more than a month.

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On Thursday, crude oil gained 0.65% as the U.S. dollar weakened against the euro and better-than-expected U.S. jobless claims pushed the price higher. In this way, light crude erased Wednesday losses and hit a one-month high of $98.83 per barrel.

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On Wednesday, crude oil climbed above $98 after the EIA data showed that crude inventories rose less than expected and better-than expected economic data. Despite this increase, light crude reversed and erased some of the gains later in the day.

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