Oil prices, due to the expected rise in U.S. crude inventories last week near record highs
U.S. crude oil futures fell on Tuesday in anticipation of the upcoming data will show U.S. crude inventories rose in the latest week , close to record highs .
Brent crude also fell , but the decline is limited , due to continued concerns about the situation in eastern Ukraine to upgrade confrontation will likely lead to expansion of the West 's sanctions against Russia , leading Russian oil supply disruption .
U.S. crude oil fell more than Brent crude oil, so that the two go wide spread more than 1 U.S. dollar . U.S. crude oil futures closed at $ 102.13 a barrel , down $ 2.24 , or more than 2 %. Brent crude closed at $ 109.27 a barrel , down $ 0.68 .
U.S. May crude contract expires at the close on Tuesday , June U.S. crude contract become in recent months . June U.S. crude oil prices fell about 2 percent, to $ 101.75 a barrel .
U.S. crude oil inventory levels are approaching record highs , as of April 11 this week, U.S. crude oil inventories rose 3.94 million barrels to 10 million barrels , nearly hit a record high of 3.98 million barrels last year .
The U.S. Energy Information Administration (EIA) will be released on Wednesday, the latest week U.S. crude inventory data. American Petroleum Institute (API) inventory report released later on Tuesday . Reuters survey , analysts expected last week, U.S. crude oil inventories rose 2.7 million barrels .
On Tuesday, Brent premium against U.S. crude to $ 7.67 to go wide high, this is the 26 March to the widest level.