Oil prices dip amid profit taking

NEW YORK, July 10 (Xinhua) -- Crude oil futures prices declined on Monday as investors took profits following material growth in previous sessions.

The West Texas Intermediate (WTI) for August delivery dropped 87 cents, or 1.18 percent, to settle at 72.99 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery lost 78 cents, or 0.99 percent, to settle at 77.69 U.S. dollars a