By V. Phani Kumar, MarketWatch
HONG KONG (MarketWatch) -- Crude-oil prices slipped Wednesday, retracing some of its recent advances after rising in the five previous regular sessions, although Asian stocks managed to eke out broad gains.
September futures, the new front-month contract of light crude-oil, slipped 51 cents to $65.10 a barrel on Globex. The futures rose as high as $65.35 a barrel earlier in the day.
Overnight, September futures ended up 0.5% at $65.61 a barrel in a regular session on the New York Mercantile Exchange. The August contract ended 74 cents, or 1.2%, higher at $64.72 a barrel - the highest settlement level for a front-month contract since July 2.
