FXStreet (Córdoba) - West Texas Intermediate oil futures pushed even lower and posted a 2-week low sub-$44.00 on Monday a barrel amid comments from Kuwait minister saying oil prices may remain low for long period. Crude oil faced selling pressure at the beginning of the American session and posted a low of $43.83 before recovering slightly to trade barely above $44.00 a barrel, still down 0.5% on the day. Oil prices have fallen for 4 consecutive days after being rejected from above $48.00 a barrel last week. Oil prices remain on downtrend amid concerns of global supply glut with the OPEC unwilling to cut production. For more information, read our latest forex news.