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Oil down as traders await US data, Cyprus vote

By Pamela Sampson
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BANGKOK (AP) — The price of oil fell slightly Tuesday ahead of a vote by lawmakers in Cyprus on an unpopular proposal to impose a tax on bank deposits to fund a bailout for the cash-strapped country.

Benchmark oil for April delivery was down 3 cents to $93.71 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 29 cents to end at $93.74 a barrel in New York on Monday.

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