Oil futures on Asian markets buoyed by regional stock market gains, hopes of better US economic data. Oil futures moved up 95 cents.
Oil futures drop below $98 a barrel. Gasoline futures decline even more. Oil futures now down 15 percent this month.
Oil price drop: Oil has retreated after gaining 35 percent from February to reach $114 last week. Other commodities that had jumped in recent months, such as gold and silver, have also seen steep declines this week.
AAA says gas prices across the US have fallen, as Americans head out by car to enjoy the Memorial Day weekend.