Oil prices ease in Asian Trade

Oil prices fell down in Asian Market today after decrease in the oil buying. In Singapore the price of light crude oil for September delivery fell to US$ 66.57 with a decrease of 66 cent. In London Brent North Sea dealings were made in US$ 69.55 with a decrease of 33 cent. In US, the decrease in buying is being reported while decrease in a profit of a big company in UK is also adversely affecting the oil market. The experts believe that sustenance in prices is being witnessed in oil market.