Key oil ministers from the Organization of Petroleum Exporting Countries also signaled, prior to a meeting in Vienna, that current production levels would remain intact.

Crude oil prices fell to a five-month low reaching $103.26 per barrel Tuesday morning, down $$3.35 from Monday. Heating oil prices fell 0.1003 cents to $2.9247 per gallon. Reformulated gasoline prices fell 0.0874 cents to $2.6526 per gallon, while natural gas prices fell 0.07 cents to $7.535 per million British thermal units.

At the pump, U.S. motorists were paying an average of $3.652 for a gallon of regular, unleaded gasoline, down 0.006 cents from Monday's $3.658, the AAA said.