Crude oil futures were marginally lower during mid-morning trade in Asia Monday amid some mild profit-taking following the surge during Friday’s trading session on the back of the fall in US rig count. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:08 am Singapore time (0308 GMT), ICE October Brent crude futures slid 8 cents/b (0.11%) from Friday’s settle to $75.74/b, while the NYMEX October light sweet crude contract was 13 cents/b (0.19%) lower at $68.59/b. “There appears to be some profit-taking this morning, which is to be expected, after last week’s strong rally,” Vanda Insights’ founder Vandana Hari said. According to data released by Baker Hughes report on Friday, US oil rig count dropped by nine rigs to 860 for the week ended August 24. “This [drop in rig count] is being driven by weaker capital spending by oil companies, ” […]