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Oil falls as concerns rise over rally petering out

March 29, 2016

Via: CNBC

Oil prices fell in early Asian trade on Tuesday as concerns mount that a rally since January is fizzling out, while analysts forecast another rise to record levels for U.S. crude stockpiles.

U.S. oil was down 13 cents at $39.26 a barrel at 0211 GMT, after finishing down 7 cents at $39.39, the previous session.

Brent fell 16 cents to $40.11. On Monday it settled down 17 cents at $40.27 a barrel.

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