West TX Oil down at $106.35 on Weak Economic Data

U.S. crude oil futures fell towards $105 a barrel in early Asian trade on Friday on the back of profit taking and weaker-than-expected U.S. economic data.

U.S. crude for August delivery fell 16 cents to $105.68 by 0045 GMT after dropping 66 cents to $105.84 in the previous session, the lowest settlement since June 11. West Texas Intermediate has lost about 1.5 percent for the week so far.

Brent crude for August delivery dropped 8 cents to $113.13 after closing 79 cents down to $113.21 in the previous session, as it headed to end the week with its biggest loss in three months.


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