Oil prices dip on economic concerns, demand worries

By Henning Gloystein SINGAPORE (Reuters) - Crude prices dipped in early trading on Tuesday, with Brent falling back below $50 per barrel as economic concerns took centre stage with many analysts saying oil demand will stall later this year. International benchmark Brent crude oil futures were trading at $49.95 per barrel at 0030 GMT, down 15 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude futures were down 39 cents at $48.60 a barrel.