Applications for U.S. unemployment aid rose to its highest level in six weeks while a report on housing was neutral.

The price of oil extended losses Monday, falling below $93 a barrel after U.S. economic growth fell short of expectations.

The price of oil rose modestly Monday after sharp losses due to high supplies and weak U.S. employment figures.

BANGKOK (AP) — The price of oil slid Monday as investors grew worried about possible fallout from a plan to pay for a bailout for cash-strapped Cyprus by slapping a tax on deposits in the country's banks.

Benchmark oil for April delivery was down 97 cents to $92.48 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 42 cents to end at $93.45 per barrel on the Nymex on Friday.

The price of oil fell to near $95 a barrel Monday after U.S. industrial production weakened and Europe remained mired in recession.

Fell below $93 Wednesday after unemployment in euro zone rose to its highest level since the currency was founded.

Oil prices fell Friday as euphoria faded over a budget deal reached earlier this week by U.S. lawmakers and traders focused on signs of lackluster demand.

Brent crude up 38 cents to $109.46 per barrel on the ICE Futures exchange; analysts say too soon to judge the longer-term effect of storm.