Oil prices dipped below $95 a barrel Tuesday, AP reported. . Benchmark U.S. crude for December delivery was down 29 cents to $94.85 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose 54 cents to $95.14 on Monday. Brent crude, the international benchmark, shed 23 cents to $106.17 a barrel on the ICE exchange in London.