International oil prices have slipped for five straight business days over concerns that the global economy’s recovery will slow amid political implications resulting from general elections in Europe.

On the New York Mercantile Exchange, West Texas Intermediate crude for June delivery dropped by 93 cents from Monday to slightly over 97 dollars per barrel.

Market watchers said the global economic recovery would slow down, as the results of general elections in France and Greece pose new political variables in Europe.

Moreover, disappointments in the U.S. job market also propelled the drop. Bearish U.S. and European stock markets also caused a fall in the prices of oil and oil products.