Oil down in Asia

Updated on

12 Jul 10, 16:05:55 PKT

Summary

Oil prices remained weaker in Asian trade on Monday.In Singapore, Light Sweet Crude Oil for August delivery stands at $75.62 cents with a decrease of 47 cents. London's Brent North Sea crude dropped 55 cents to settle at $74.87 cents. Increase in supply caused decline in the oil rates.