On Monday, crude oil lost 0.69% as expectations for an increase in oil supply from Libya and weaker than expected U.S. economic data pushed the price lower. With this drop, light crude extended the previous session‘s losses and hit a fresh monthly low of $93.20 per barrel.

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On Friday, crude oil lost 1.25% as expectations for an increase in oil supply from Libya and concerns over a build-up in U.S. inventories weighted on the price. With this downward move, light crude extended the previous sessions losses and hit a fresh monthly low of $93.86 per barrel.

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On Thursday, crude oil lost 3.30% as Libya prepared to restart a major oilfield and on speculation of a rise in crude oil inventories in the United States. Additionally, U.S. jobless claims fell less-than-expected, which added selling pressure. Thanks to this negative combination of factors, light crude declined sharply and hit a monthly low of $95.34.

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On Tuesday, crude oil lost 0.50% as profit taking and expectations for an increase in Libyan oil exports pushed the price lower. With this drop, light crude slipped below $99 per barrel.

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On Monday, crude oil lost 0.98% as disappointing U.S. home sales figures and profit taking pushed the price lower. With this downswing light crude slipped below the psychologically important level of $100 per barrel.

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