The price of oil held below $100 a barrel amid concern over clashes between pro-Russian insurgents and Ukrainian government troops and expectations of another rise in U.S. crude stockpiles.
By early afternoon in Europe, benchmark U.S. crude for June delivery was down 2 cents to $99.46 a barrel in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell 28 cents, reflecting the possibility of weaker demand due to lackluster Chinese manufacturing.
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