Reuters
Tokyo
Oil prices fell in Asian trade after a strong two-day rally that was fed by easing concerns Britain would leave the European Union after a referendum this week, allowing market participants to focus on supply issues.
U.S. crude´s expiring July front-month contract was down 41 cents at $48.96 a barrel at 0650 GMT.
The more actively traded August contract, the new front-month from Wednesday, was down 41 cents at $49.55. That contract settled up nearly 3 percent at $49.96 on Monday.
Brent crude futures´ August front-month contract was down 52 cents at $50.13 a barrel.
On Monday, it climbed $1.48, or 3 percent, to $50.65 a barrel.
The contract has risen about 7 percent since Thursday´s settlement, after dropping 10 percent in six previous sessions.
A person in a supermarket in cuba. —AFP/FileHAVANA: In communist Cuba, some customers are more equal than others, as...
In this image, a man can be seen working in a textile factory in Pakistan. — AFP/FileLAHORE: LAHORE: International...
General view as people queue up outside a Nike shop close to the stadium before the match. —Reuters/FileNEW...
Labourers are busy in their work at brick kilns, as International Labour Day is celebrated on May 1 every year on May...
Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this...
People walk by newsstand, amid the opposition's calls for a mass economic boycott following the arrest of Istanbul...
