| GEO Business|
| Oil weaker in Asian trade|
| Updated at: 1129 PST, Friday, March 27, 2009|
SINGAPORE: Oil weakened in Asian trade Friday after an overnight rally driven by the surge in US equity markets, analysts said.
New York's main contract, light sweet crude for May delivery dropped 29 cents to 54.05 dollars. Brent North Sea crude for May delivery was off 21 cents to 53.22 dollars.
Crude prices likely ran out of steam amid worries the worst is not over for the US economy, analysts said.