SINGAPORE: Oil prices eased in Asian trade Friday, hit by profit-taking and weaker stockmarkets, dealers said, although the losses were limited on upbeat data from the United States.
New York's main contract, light sweet crude for October delivery, was down 43 cents to 72.04 dollars a barrel in afternoon trade.
Brent North Sea crude for November delivery dropped 21 cents to 71.34.
"We had three solid days of gains on equities and commodities markets so there's a little bit of profit-taking," said Ben Westmore, a minerals and energy economist with the National Australia Bank in Melbourne.
Sentiment in the oil market was also weighed by a fall in global stocks after a rally on Wall Street ran out of steam on Thursday.
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