Oil down

Oil prices turned lower in Asian trade Tuesday as global stock markets tumbled on concerns about whether debt-ridden eurozone countries can reduce their deficits despite a massive bailout.
New York's main contract, light sweet crude for June delivery, fell 54 cents to 76.26 dollars a barrel in afternoon trade, erasing earlier gains.
Brent North Sea crude for June dropped 75 cents to 79.37 dollars.
As euphoria over the eurozone bailout died down, stock markets slackened and the euro fell as investors focused on how the rescue will be carried out and the implications for the eurozone's underlying fiscal woes.