West TX Oil near $101 on Expectations of Rise in Inventories

U.S. crude futures fell in early Asian trade on Tuesday on expectations of an increase in stockpiles in the world’s biggest oil consumer as cold weather ebbed, reducing demand for heating fuels.

U.S. crude eased 14 cents to $100.98 a barrel by 0024 GMT, extending losses for a second day after ending $1.46 down at $101.12 a barrel, its lowest since Feb. 14.

Brent crude fell 19 cents to $107.89 a barrel, after settling 92 cents lower at $108.08.

CNBC

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