On Tuesday, crude oil gained 1.86% as data showed that the index of consumer confidence improved and colder-than-normal temperatures fueled concerns about oil distribution and tightening petroleum product supplies.

• Read more

On Monday, crude oil lost 1.31% as data showed that U.S. new home sales dropped more-than-expected in the previous month, fueling concerns over the economic outlook. Thanks to this news, light crude declined and closed the day slightly below $96 per barrel.

• Read more

On Friday, crude oil lost 0.46% as concerns over slow economic growth in emerging markets weighed on the price. Despite this drop, crude oil gained almost 3% last week on higher fuel demand, the start-up of Transcanada's oil pipeline and bullish agency forecasts. Thanks to this news, light crude closed the week slightly below $97 per barrel.

• Read more

On Thursday, crude oil gained 0.65% as the EIA data showed that U.S. distillates stockpiles dropped more than expected last week, despite gains posted in oil and gasoline inventories. Thanks to this news, light crude extended its gains and hit a fresh three-week high of $97.84 per barrel.

• Read more

On Wednesday, crude oil gained 1.56% as a new pipeline began transporting 300,000 barrels of crude oil a day, reducing the amount of U.S. oil stuck in storage. Thanks to this news, light crude climbed to its fresh 3-week high and closed the day well above $96 per barrel.

• Read more