Jan. 30 (Bloomberg) -- Oil was little changed in New York, rebounding from an earlier decline of 1.1 percent.

Crude for March delivery fell 16 cents to $99.40 a barrel at 12:11 p.m. on the New York Mercantile Exchange. Prices have gained 0.6 percent this month. The price ranged from $98.50 to $100.05.

Brent oil for March settlement dropped 27 cents to $111.19 a barrel on the London-based ICE Futures Europe exchange.

--With assistance from Mark Shenk in New York, Nidaa Bakhsh in London and Alex Kowalski in Washington. Editors: Richard Stubbe, Charlotte Porter

To contact the reporters on this story: Moming Zhou in New York at mzhou29@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net