SINGAPORE: Crude prices slid further in Asian trade Monday as markets react to falling consumer confidence in the United States, analysts said.

New York's main futures contract, light sweet crude for delivery in September, shed 56 cents to 66.95 dollars a barrel in early trade from its close on Friday. Brent North Sea crude for October delivery fell 44 cents to 71.00 dollars.

Prices continued moving downwards as data released by the University of Michigan on Friday showed an unexpected fall in consumer sentiment, which spooked the commodities and equities markets, analysts said.LINK