Oil prices fell in Asian trade after a strong two-day rally that was fed by easing concerns Britain would leave the European Union after a referendum this week, allowing market participants to focus on supply issues. U.S. crude’s expiring July front-month contract CLN6 was down 41 cents at $48.96 a barrel at 0650 GMT. The more actively traded August contract CLQ6, the new front-month from Wednesday, was down 41 cents at $49.55. That contract settled up nearly 3 percent at $49.96 on Monday. Brent crude futures’ August front-month contract LCOc1 was down 52 cents at $50.13 a barrel. On Monday, it climbed $1.48, or 3 percent, to $50.65 a barrel. The contract has risen about 7 percent since Thursday’s settlement, after […]