Dhaka, Bangladesh (BBN)- Crude oil saw minor losses as demand concerns swept markets on earnings losses and growth contraction expectations hit Japanese markets.

Demand concerns were further fuelled by attacks on Chevron pipelines in oil rich Nigeria.

Crude for June delivery fell to US$ 56.25 and the Brent July contract fell as low as $55.95, according to reports.

BBN/SS/SI/AD-18May09-11:13 am (BST)