By V. Phani Kumar, MarketWatch
HONG KONG (MarketWatch) -- Crude-oil prices moved lower in electronic trade Friday, giving up some of their North American gains, though losses were limited by a rally in Asian stocks and hopes for economic recovery.
Benchmark Nymex crude-oil futures for September delivery were down 38 cents at $66.78 a barrel during Asian afternoon trade on Globex, after having moved in a tight range between $66.46 and $66.94.
The September contract had climbed $1.76, or 2.7%, to $67.16 a barrel Thursday on the New York Mercantile Exchange, marking the highest close for a front-month contract this month. The futures rose as high as $69.50 during the session.
