(RTTNews) - The price of crude oil was lingering below $100 Monday morning as the recent batch of soft economic data from the U.S. raised concerns over demand growth. Light Sweet Crude Oil (WTI) futures for July delivery were down $0.88 to $99.34 a barrel. Last week, oil ended flat after advancing to a fresh 3-week high amid a weak U.S. dollar and demand growth worries. This morning, the U.S. dollar was leveling off from its monthly low versus the euro, while continuing to tick higher against sterling. The buck was edging up versus the Swiss franc, while slipping back to monthly-low against the yen. During the week, traders will look to the data on weekly jobless claims, trade balance and wholesale inventories to get clues on the strength in the recovery of the economy. Also weekly crude oil inventories data from the API, due out Tuesday after the market hours, and the EIA due out the subsequent day will be in focus. by RTT Staff Writer For comments and feedback: editorial@rttnews.com Sponsored Link: A $34,000 income secret Congress won’t tell you about... Because it could help make you thousands of dollars in dividends every year... without touching regular Wall Street investments. Click here to learn more.

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