Oil down
Oil prices were down in Asian trade Thursday but a drawback in US crude inventories and strong data from the Chinese manufacturing sector ensured prices were well-supported, analysts said.
New York's main contract, light sweet crude for November delivery, slipped five cents to 77.81 dollars a barrel in the afternoon.
Brent North Sea crude for delivery in November, fell 27 cents to 80.50 dollars.
Crude prices were taking a breather as markets digested gains made late Wednesday, said Ben Westmore, a minerals and energy economist of the National Australia Bank in Melbourne.
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