Mumbai : Crude oil fell below 94 dollars a barrel in New York, for the first time since December, as Europe’s debt crisis worsened and Saudi Arabia’s energy minister said prices should decline further. Crude for June delivery fell 2.48 dollars to 93.65 dollars a barrel in electronic trading on the New York Mercantile Exchange.

Brent for June settlement tumbled 1.78 dollars, 110.48 dollars a barrel on the London-based ICE Futures Europe exchange.