Oil prices edge down in Asian trade

Crude prices edged down in Asian trade Monday as traders fretted over performances by the US retail and corporate sectors, analysts said. In Singapore, Light Sweet crude oil for August delivery stands at 75.86 cents with a decrease of 15 cents. Brent North Sea crude for August delivery shed eight cents to 75.22 dollars. Worries about the state of the US economy clouded sentiment, with analysts predicting a slightly worse performance when US retail sales statistics are released on Tuesday.