Oil prices edge lower

SINGAPORE: Oil prices eased on profit-taking Tuesday following last week's surge, but losses were limited by concerns that escalating violence in Egypt will disrupt supplies from the Middle East,
analysts said.

New York's main contract, West Texas Intermediate for delivery in August, fell 11 cents to $103.03 a barrel in morning trade and Brent North Sea crude for August was down 25 cents at $107.18.