Crude Futures Drop Four Days

Oil futures dropped for a fourth day in a row, dipping briefly below the $100 mark as a stronger dollar, weaker demand and growing crude oil inventories extended a retreat that has knocked a tenth off prices since last week.

U.S. light crude for May delivery recouped some early losses to stand 60 cents lower at $100.26 a barrel by 0346 GMT, a fourth day of losses and sharply down from a record high $111.80 a barrel touched on March 17.

London Brent crude fell $1.01 to $98.85 a barrel.