Crude prices kept falling on Tuesday as a weak economic outlook for the eurozone and the United States sparked fears of decline in global oil demand.

Global economic concerns grew after elections in France and Greece brought uncertainties to a solution to the eurozone's debt crisis, which could put the bloc's struggling recovery in danger. And weak data from the United States also shook market confidence.

On the supplies side, the world's biggest oil exporter Saudi Arabia has risen its production to a record high of 10 million barrels a day in recent months. Saudi Arabia said that although declines in oil prices would hurt the country's revenue, it still wanted to pull it back in order to prevent the world economy from falling into another recession.

The U.S. Energy Department is scheduled to release its weekly crude inventories data on Wednesday, which is expected to rise for the seventh straight week.

Light, sweet crude for June delivery dropped 93 cents, or 0.95 percent, to settle at 97.01 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for June delivery also declined and last traded around 112 dollars a barrel.