Oil prices edge lower on easing Middle East concerns

SINGAPORE: Oil prices fell further in Asian trade Tuesday on easing concerns about supplies from the Middle East, but upbeat economic data from Europe and China capped losses, analysts said.

New York’s main contract, West Texas Intermediate for delivery in November was down 19 cents at $103.40 in mid-morning trade, while Brent North Sea crude for November eased 13 cents to $108.03.

WTI dipped $1.16 in New York Monday, while Brent fell $1.06 in London trade.