Oil prices fall on profit taking, strong dollar

By Keith Wallis SINGAPORE (Reuters) - Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, wiping out some of the gains in the previous session as traders took profits. A strong dollar also weighed on sentiment. U.S. West Texas Intermediate crude fell 31 cents to $52.64 a barrel as of 0127 GMT after settling 46 cents, or 0.9 percent, up in the previous session.