World oil prices dropped in Asian trade Tuesday on concerns fuel demand might ease as US summer driving season nearing to end. WTI crude for September delivery was seen trading at $87.41 a barrel at 12.00 noon Singapore time while Brent crude for October delivery was at $109.34 a barrel in London. In other Nymex trading in September contracts, Heating Oil fell 0.9 cent to $2.94 a gallon while Gasoline slid 1.0 cent at $2.86 a gallon. Natural Gas futures gained 0.6 cents at $4.03 per 1,000 cubic feet. Analysts said investors are looking for further clues from the markets as European leaders meet late Tuesday to discuss about the lingering debt concerns. The black Gold dropped to its lowest to below $76 on Aug. 9 on investor fear the U.S. could be headed for a recession, which would drag down demand for crude. On Monday, oil surged as stock markets rallied and the dollar weakened, stoking demand for greenback-priced commodities. New York's main contract, West Texas Intermediate crude for delivery in September, closed at $87.88 a barrel, a rise of $2.50, or nearly 3.0 percent, from Friday. In London, Brent North Sea crude for September gained $1.88 to settle at $109.91 a barrel.

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