Agence France-PresseFebruary 25, 2014 10:10
Oil prices lost ground on Tuesday as caution set in before the release of US economic and stockpiles data, analysts said.
New York's main contract, West Texas Intermediate (WTI) for delivery in April, sank 97 cents to $101.85 per barrel.
Brent North Sea crude for April slid 40 cents to stand at $110.24 in London midday deals.
"Lack of strong supportive news contributed to some downside in crude oil," Tan Chee Tat, investment analyst at Singapore-based Phillip Futures, told AFP.