Oil prices retreat from $50 on oversupply concerns

SINGAPORE (Reuters) - Oil futures dipped further in early Asian trade on Friday, finding resistance at the $50 (£34) a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply.

from Reuters: Top News http://uk.reuters.com/article/uk-global-oil-idUKKCN0YI01J?feedType=RSS&feedName=topNews