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Oil prices retreat after a rally over 8 days
History of edits:: 2017/7/4
{International: Euphrates News} Oil falls in Asian trade on Tuesday after hitting a rally lasted for eight days amid signs that the continuous increase in crude production in the United States lose momentum.
And Brent came down 13 cents , or the equivalent of 0.3 percent to $ 49.55 a barrel by 0705 GMT.
The Inn West Texas Intermediate US nine cents , or about 0.2 percent to $ 46.98 a barrel.
The decline after about 12 recovery already allocated percent from recent lows on June 21.
Traders said many of the dealers they bent to settle positions before the Independence Day holiday in the United States on Tuesday , the fourth of July , while Brent faced technical resistance as it approaches the level of $ 50 Brmel.anthy
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