Oil prices down in Asia ahead of US data

MTECHTIPS

Oil prices down in Asia ahead of US data

Oil prices turned lower in Asia Friday, in tandem with regional equities as traders cashed out ahead of the release of US growth figures later in the day, analysts said.
New York's main contract, light sweet crude for delivery in December sank 94 cents to $85.11 a barrel and Brent North Sea crude for December dived $1.07 to $107.42.
"People are cutting positions ahead of the US (growth data) in case it comes in worse" than expected

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