Oil prices flat in Asia

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SINGAPORE: Oil was flat in Asia on Friday amid an extended sell-off in equities on concerns over the US central bank ending its multi-billion dollar economic stimulus measures, as well as poor Chinese manufacturing data, analysts said. New York’s main contract, West Texas Intermediate (WTI) light sweet crude for delivery in August, was flat at $95.40 a barrel in morning trade and Brent North Sea crude for August delivery added five cents to $102.20.

WTI lost $2.84 in late New York trade Thursday, and the Brent dropped

$3.97, its biggest loss since November 7.