Crude oil futures fell on Tuesday in reaction to lower global equity markets and rising uncertainty ahead of elections in Europe. According to most analysts, concerns over the single currency region’s economic growth raised after the week US jobs data on Friday. Investors were doubtful as the both major economies the euro zone and the US showed less than expected economic data. Factory orders in United States also declined by 33.8 percent in April for transportation sector and for aircraft and parts.

Crude oil futures contract for June delivery declined 1 percent or $0.93 to $97.01 per barrel on the New York Mercantile Exchange. The respective contract touched its intraday low of $95.52 for the day.

Among other energy commodities, gasoline futures contract for June delivery gained 0.7 percent or $0.02 to settle at $2.99 per gallon while heating oil futures for the same month delivery slightly advanced by 0.3 percent to $2.99 per gallon.

Pessimistic sentiments also dominated the oil trading markets as the investors were expecting increase in oil inventories data which would eventually dampen the demand of the crude oil.

Natural gas futures contract for June delivery gained 2.4 percent or $0.06 to settle at $2.39 per million British thermal units. Natural gas futures also remained up on Monday contrary to oil and surged 2.5 percent.