Oil down in Asia on eurozone concerns

SINGAPORE: Oil fell in Asian trade on Tuesday as investors were concerned that the worsening eurozone debt crisis could spread to Italy and Spain, analysts said.

New York's main contract, West Texas Intermediate (WTI), for delivery in August, fell 56 cents to $94.59 a barrel. Brent North Sea crude for August shed 62 cents to $116.62 in the afternoon.