The price of oil fell 1.6 percent Tuesday to just below $100 a barrel, dented by soft Chinese manufacturing figures and expectations of another increase in U.S. crude stockpiles.
Benchmark U.S. crude for May delivery was down $1.61 to $99.97 a barrel in New York. Brent crude, used to set prices for international varieties of oil used by many U.S. refineries, was down $1.72 to $106.04 a barrel in London.
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