Oil slipped further into negative territory in Asian trade on Monday as the market remained under selling pressure, with U.S. oil prices dropping below the $42 a barrel mark. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at $41.88 a barrel at 0341 GMT, down $0.62 in the Globex electronic session. October Brent crude on London’s ICE Futures exchange fell $0.64 to $48.55 a barrel. “We have concerns about crude fundamentals and prices in [the second half of 2015] and 2016,” Morgan Stanley said in its weekly report. The bank warned that oil demand is already near peak seasonal levels and will fall in the coming weeks as summer demand wanes. Moreover, oil production from the Organization of the Petroleum Exporting Countries has grown significantly this year, and the U.S. dollar is expected to strengthen further, weighing on oil […]