UPDATE 2-Brent slips towards $110 as US debt impasse ends, data deluge in focus
* U.S. Congress ends debt deadlock
* Investors bracing for data as govt shutdown ends
* U.S. says talks intense, serious after Iran hints at concessions
* US crude stocks up, Cushing shows 1st build since July -API
* Brent neutral in $109.41-$112 range -technicals
SINGAPORE, Oct 17 (Reuters) - Brent futures slipped towards $110 a barrel on Thursday, with investors reluctant to lock in fresh positions ahead of a deluge of data expected now that lawmakers in Washington have sealed a deal to end a partial government shutdown.
While Asian shares, the dollar and most other markets cheered the eleventh-hour U.S. deal, progress in talks over Iran's nuclear programme held down crude futures since an agreement with the West could bring more of its oil into the market.
Brent crude had declined 28 cents to $110.31 a barrel as of 0650 GMT. The November contract that expired overnight ended 90 cents higher, while the December contract settled up $1.17. U.S. oil fell 44 cents to $101.85.
Oil investors are waiting for delayed economic indicators to gauge the outlook for U.S. demand.
"With the U.S. Congress postponing the deadline and talks between Iran and Western countries progressing in a very, very positive atmosphere, oil prices could go lower going forward," said Yusuke Seta, a commodity sales manager at Newedge in Tokyo.
"A clear direction for the market will emerge once we start to see the U.S. data delayed due to the shutdown."
Ending weeks of political brinkmanship that had unnerved global markets, the Senate and House of Representatives passed the spending measures and President Barack Obama signed a bill to end the government shutdown.
But the deal offers only a temporary fix, funding the government until Jan. 15 and raising the debt ceiling until Feb. 7.
The deal has come "not a moment too soon with the US Treasury expecting the debt ceiling to be breached on Oct. 17, potentially causing default in the weeks that follow if an interest payment had been missed," analysts at ANZ said in a note. "In reality, politicians have done little more than kick the can down the road three to four months."
Until a clear market direction emerges, oil futures will trade in a narrow range, with Brent swinging between $108.50 and $113 a barrel, Newedge's Seta said. If Brent breaks below $108.50, its next support is at $107.50, he added.
Signals will be mixed for Brent until it gets out of a neutral range of $109.41-$112 per barrel, while a bearish target of $98.15 has been temporarily aborted for U.S. oil, according to Reuters technical analyst Wang Tao.
Investors are now focusing on the outcome of talks between Iran and the world powers over Tehran's nuclear programme.
The United States described two days of negotiations as the most serious and candid to date after Western diplomats said Iran hinted it was ready to scale back sensitive atomic activities to secure urgent sanctions relief.
Oil prices are also under pressure after data from the American Petroleum Institute (API) showed crude inventories at the Cushing, Oklahoma, hub rose last week for the first time since early July, while overall U.S. crude stockpiles also gained.
U.S. crude stocks rose by 5.9 million barrels in the week to Oct. 11, the API data showed, more than double forecasts in a Reuters poll of analysts for a build of 2.2 million barrels.
(Editing by Muralikumar Anantharaman and Alan Raybould)