The price of US crude fell slightly to near $94 a barrel today after Japan released lukewarm manufacturing data.
Benchmark crude for June delivery was down 8 cents to $94.42 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained $1.50 to finish at $94.50 a barrel in New York last night.
Brent crude fell 16 cents to $103.65 on the ICE Futures exchange in London.
Data released by the Japanese government showed a slight uptick in monthly factory production. But the improvement was not as solid as analysts had expected.
Robust US energy production was also keeping oil prices in check, analysts said.