Tuesday, June 2, 2009

Oil prices fall in Asian trade


SINGAPORE: Oil prices eased in Asian trade Tuesday after rallying overnight to seven-month high, analysts said.New York's main futures contract, light sweet crude for delivery in July, fell 67 cents to 67.91 dollars a barrel. Brent North Sea crude for July delivery shed 57 cents to 67.40 dollars.It's probably a natural sort of retreat after a very strong rally, said energy market analysts here.

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