| GEO Business | | Oil trading below 61 dollars in Asia | Updated at: 1014 PST, Friday, July 10, 2009
SINGAPORE: Oil traded below 61 dollars in Asian trade Friday, surrendering overnight gains amid persistent worries over the weak global economy, analysts said.
New York's main contract, light sweet crude for August delivery was 33 cents lower at 60.08 dollars a barrel. Brent North Sea crude for August delivery eased 30 cents to 60.80 dollars.
New York crude tumbled below the 60-dollar mark in intra-day trade Thursday, the first time since May 26. The contract has lost more than 13 dollars from its highs last month.
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