Oil down in Asia on profit-taking

SINGAPORE: Oil prices eased in Asian trading hours Monday as investors took profits following last week's rally triggered by concerns over rising tensions in the Middle East, analysts said.New...

By
AFP
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Oil down in Asia on profit-taking
SINGAPORE: Oil prices eased in Asian trading hours Monday as investors took profits following last week's rally triggered by concerns over rising tensions in the Middle East, analysts said.

New York's main contract, light sweet crude for delivery in July, dropped
19 cents to $97.66 a barrel while Brent North Sea crude for August delivery
shed 10 cents to $105.83 in morning trade.