WTI Crude Set for Biggest Loss in a Week With Brent

West Texas Intermediate crude was headed for its biggest loss in a week as U.S. economic data bolstered the outlook for higher interest rates.

Oil rises above $107 on Fed stimulus hopes

it more likely the Federal Reserve will continue its stimulus program beyond September. Benchmark crude for September delivery was up 18 cents to $107.12 at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

Oil down to near $94 on China, Europe concerns

Oil prices dropped to near $94 a barrel Monday due to concerns that China's economy, the world's second-largest, is slowing faster than expected as well as speculation that Greece could abandon the euro currency bloc.