TOKYO: Brent crude futures fell 7 cents, or 0.07 percent, to $99.18 a barrel, while US West Texas Intermediate (WTI) crude declined 35 cents, or 0.39 percent, to $90.17 a barrel.
Improved supply prospects and expectations of diplomatic efforts to end the nearly seven-month conflict pushed Brent below the $100-a-barrel mark on Tuesday for the first time since September 8.
The market was also watching developments in Iraq, where Oil Minister Bassem Mohammed said the country was currently exporting more than 3 million barrels per day.
Mohammed said Iraqi exports through Turkey are expected to increase to more than 600,000 barrels per day, potentially adding further supplies to international markets.
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