Investing.com - Crude oil futures held steady on Monday, although the strength of the U.S. dollar continued to weigh on demand for the commodity.
On the New York Mercantile Exchange, crude oil for delivery in November traded at $93.51 a barrel during U.S. morning trade, down 0.03%.
Prices jumped 1.06% on Friday to settle at $93.54.
Futures were likely to find support at $91.12 a barrel, the low from September 24 and resistance at $93.86, Friday's high.
The U.S. dollar strengthened further after the Commerce Department reported on Monday that U.S. personal spending rose 0.5% in August, beating expectations for an increase of 0.4%, after a 0.1% dip in July.
Meanwhile, personal income, reflecting income from wages, investment, and government aid, rose 0.3%, up from 0.2% in July, broadly in line with forecasts.
Separately, the National Association of Realtors said that its pending home sales index fell 1.0% to 104.7 in August, down from 105.8 in July. Economists had expected the index to tick down 0.1% last month.
The dollar was boosted after data on Friday showed that the U.S. economy grew at its fastest pace in two-and-a-half years in in the second quarter.
The Commerce Department said U.S. gross domestic product was revised up to 4.6% in the three months to June from a previous estimate of 4.2%. It was the fastest rate of expansion since the fourth quarter of 2011.
The upbeat data added to the view that the strengthening economic recovery may prompt the Federal Reserve to raise interest rates sooner than markets are expecting.
Oil prices had found some support on Friday after air and missile strikes were said to have hit oilfields in eastern Syria in an apparent attack by U.S.-led forces against Islamic State militants.
Over the weekend, air raids believed to have been carried out by U.S.-led forces hit three makeshift oil refineries in northern Syria.
Elsewhere, on the ICE Futures Exchange, Brent Oil for November slipped 0.19% to trade at $96.82 a barrel, with the spread between the Brent and crude contracts standing at $3.31 a barrel.