Crude oil futures dip on profit-taking, remain on track for strong weekly finish

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Crude oil futures were lower in mid-morning Asian trade Aug. 12 amid mild profit-taking, though they remained on track for a strong weekly finish as fears of demand destruction eased with oil prices down more than 20% from their June highs. At 10:26 am Singapore time (0226 GMT), the ICE October Brent futures contract was down 64 cents/b (0.64%) from…