West TX Oil around $104.50 as Libya and Economic Data Support

U.S. crude oil futures dipped in early Asian trade on Friday, but declines were capped by worries about low oil output from Libya and positive economic data in China and the United States.

U.S. crude lost 7 cents to $103.67 a barrel as of 0023 GMT after it settled 33 cents down to 103.74 a barrel in the previous session, led by profit-taking.

Brent crude gained 1 cent to $110.37 a barrel. It settled 19 cents lower at $110.36 a barrel on Thursday, after touching a session high of $111.04, the highest price since March 4.

CNBC

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