West Texas Intermediate for March delivery was at $52.87 a barrel on the New York Mercantile Exchange, down 15 cents, at 12:08 p.m. in London. Total volume traded was about 21 percent below the 100-day average. The contract lost 82 cents to $53.01 on Monday. Prices averaged $52.61 last month. Brent for April settlement was 13 cents lower at $55.59 a barrel on the London-based ICE Futures Europe exchange. The contract dropped $1.09, or 1.9 percent, to $55.72 on Monday. The global benchmark traded at a premium of $2.11 to April WTI. click Read More below for more of the story
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