Benchmark Crude Falls Below $90

New York, NY, Feb. 7, 2011 -- Oil prices fell to below $89 a barrel Monday in Asia on mixed signals from the U.S. economy.

Benchmark crude for March delivery was down 23 cents at $88.80 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost $1.51 to settle at $89.03 on Friday.

In London, Brent crude gained 23 cents to $100.06 a barrel on the ICE Futures exchange.