Oil prices slip on profit-taking

SINGAPORE: Oil prices eased in Asian trade on Monday as traders banked profits from gains fuelled by upbeat economic data in top global energy consumer China, analysts said.

New York's main contract, West Texas Intermediate (WTI) for delivery in
September, was down seven cents to $105.90 a barrel in mid-morning Asian trade and Brent North Sea crude for September shed 25 cents to $107.97.