Crude down in Asia

SINGAPORE: Oil was lower in Asia Wednesday with traders taking profit after prices capped three consecutive days of rallies by surging to a 12-week high overnight, analysts said.

New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in September, was down 33 cents to $93.34 a barrel and Brent North Sea crude for September delivery dipped 40 cents to $111.60.