TOKYO/NEW YORK (Reuters) - Asian shares and U.S. stock futures dipped into the red on Tuesday, erasing earlier gains as a renewed decline in oil prices overshadowed optimism about the easing of coronavirus-related restrictions seen globally.

MELBOURNE (Reuters) - Oil prices slumped on Tuesday, extending the previous session’s slide, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased.

Oil prices look to be facing yet another harrowing Monday, with the price of WTI sliding by more than 20 percent in early morning trading.

U.S. oil futures posted a loss of almost 25% on Monday as reignited concerns about a scarcity of places to put an overflow of crude sent the June contract to its second-lowest settlement on record.

MUMBAI – Rubber contracts on the Indian Commodity Exchange ended in the red today due to weak demand from domestic stockists and tyre makers, traders said.

Tokyo Commodity Exchange (TOCOM) futures ended steady on Monday as optimism from fresh stimulus from the Bank of Japan to shore up economy was offset by continued worries about dwindling demand amid the coronavirus pandemic.