Oil down in Asian trade on eurozone gloom

SINGAPORE: Oil fell in Asian trade Tuesday with investor sentiment still under pressure on concerns over the eurozone's ability to contain its long-running debt crisis, analysts said. New York's...

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AFP
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Oil down in Asian trade on eurozone gloom
SINGAPORE: Oil fell in Asian trade Tuesday with investor sentiment still under pressure on concerns over the eurozone's ability to contain its long-running debt crisis, analysts said.

New York's main contract, light sweet crude for September delivery, shed 27 cents to $87.87 a barrel in morning trade and Brent North Sea crude for delivery in September was six cents lower at $103.20.