Futures on crude oil closed with a loss on Monday and dropped to their lowest level for the last 4 months amid weak macroeconomic data in the USA and concerns over extra supplies. By the end of NYMEX trading August futures on crude oil declined by 55 cent (0.6%) down to USD 90.61 per barrel which was the lowest closing value since February 18. Futures on oil kept on to be traded in a downtrend after last week the IEA announced that it would supply 60 mln. barrels to cover deficit in Libya. This month prices for energy resources fell by 12% amid concerns regarding slower global economic growth and the IEA announcement. Meanwhile, other commodities markets were demonstrating decline which pressed the oil market. Oil futures fell on Monday, despite the euro which strengthened against the US dollar. Weaker American currency makes futures less expensive for other currencies holders. The euro sharply rose against the US dollar during Monday session having been supported by faint hopes for the Greece’s parliament to approve the measures of tough saving this week and by a more optimistic vision which came after Nicolas Sarkozy was told to have approved the plan of French banks to prolong the terms of settling Greece’s obligations. Voting on tough saving measures is to take place on Wednesday. These measures are a necessary prerequisite to providing Athens with further assistance on part of the EU and IMF. Nevertheless, oil futures declined shortly after the data on the US consumer spending which showed a drop while experts had expected it to increase.