SINGAPORE: Oil prices fell further below 40 dollars in Asian trade on Tuesday in a market plagued by weak energy demand, dealers said.
New York's main futures contract, light sweet crude for delivery in February, shed 77 cents to 39.14 dollars a barrel in morning trade after sliding 2.45 dollars to close at 39.91 dollars on the New York Mercantile Exchange Monday.
Brent North Sea crude for February fell 42 cents to 41.03 dollars a barrel. The contract dropped 2.55 dollars to 41.45 in London on Monday.