UPDATE 7-Oil edges lower on profit-taking ahead of holiday

... of building a new position," said Addison Armstrong, senior director of market research at Tradition Energy in Stamford, Connecticut. February Brent crude fell 20 cents to $111.57 a barrel by 1:38 p.m. EST (1838 GMT) after gaining 2.7 percent last ...

http://www.reuters.com/article/2013/12/23/markets-oil-idUSL3N0K20P820131223?feedType=RSS&feedName=marketsNews