Oil prices edge lower in Asia
Afp, Singapore
Oil prices edged lower in Asian trade Monday as Nigeria's oil unions suspended a two-day-old strike over the weekend, relieving concerns of possible disruptions to shipments, dealers said. The market remains focussed on tight gasoline (petrol) supplies as the peak-demand US summer driving season got underway Saturday, they added. At 2:00 pm (0600 GMT), New York's main oil futures contract, light sweet crude for delivery in July, was down 30 cents at 64.90 dollars per barrel from 65.20 dollars in US trades Friday. Brent North Sea crude for July shed 23 cents to 70.46 dollars. US and London markets are closed Monday for holidays.
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