On Tuesday, crude oil gained 1.21% as the report from the International Energy Agency and forecast from the International Monetary Fund pushed the price higher. In this way, light crude hit a three-week high and closed the day above $95 per barrel.

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On Friday, crude oil lost 0.07% after mixed U.S. economic data. Despite this fact, light crude climbed 1.29% in the previous week and this was the first weekly gain in three weeks.

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On Thursday, crude oil lost 0.15% as profit taking after a two-day rally pushed the price lower. However, light crude erased most of earlier losses after upbeat U.S. economic data and closed the day slightly above $94 per barrel.

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On Wednesday, crude oil gained 1.76% as better-than expected U.S. economic data and a larger-than-expected drawdown in crude oil inventories pushed the price higher. Thanks to this, light crude came back above $94 per barrel.

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On Tuesday, crude oil gained 1.23% as U.S. retail sales and core retail sales suggested continued improvement in the U.S. economy boding well for demand. Thanks to this news, light crude rebounded closing day above $92 per barrel.

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