On Monday, crude oil lost 1.45% as concerns that the deal between the West and Iran over its nuclear program weighted on the price. In this way, light crude declined to slightly above the monthly low and closed the day below $92 per barrel.

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On Friday, crude oil gained 0.66% as speculation that the Fed will scale down its bond-buying program faded after weaker-than-expected U.S. jobs data. Thanks to that news light crude rebounded slightly and closed the day at $92.89.

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On Thursday, crude oil lost 0.29% and fell to a more-than-six-month low as expectations for the Federal Reserve to continue tapering its bond-buying program weighted on the price.

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On Wednesday, crude oil lost 1.49% as the EIA data showed that U.S. gasoline and distillates stockpiles rose more than expected last week. Thanks to this news, light crude extended its decline and hit a fresh monthly low of $92.26 per barrel.

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On Tuesday, crude oil gained 0.37% as concerns over oil flows from Iraq and Libya pushed the price higher. Additionally, light crude was supported by better-than-expected trade data out of the U.S. In this way, crude oil rose for the first time in six sessions and closed the day slightly below $94 per barrel.

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