Oil Prices Slid a Bit On Futures Contract Expiration

Oil prices were flat in Asian trading Tuesday on a lack of driving factors ahead of the expiration of the contract this week.

Light, sweet crude for May delivery was down just 3 cents to $63.58 a barrel in Asian electronic trading on the New York Mercantile Exchange. Slow trading is not unusual ahead of a contract's expiration. The May futures contract expires Friday.

The Brent contract for June delivery was up 32 cents to $67.57 a barrel.