UPDATE 3-Oil softens after surge; data eyed

* Investors await more stimulus from U.S., EU, China

* Sudan, S.Sudan reach oil transit fee deal, border talk next

* Coming up: U.S. employment trends for July; 1400 GMT (Updates previous Singapore)

LONDON, Aug 6 (Reuters) - Oil retreated from last week's gains, easing towards $108 a barrel on Monday as investors took profits and awaited more clues on the health of the global economy and the outlook for oil demand.

Prices jumped on Friday on better U.S. jobs data and talk of stimulus measures by the euro zone to support growth.

Supply disruptions in the North Sea and the Middle East also lent support although Sudanese crude exports could resume soon following agreement between Sudan and South Sudan on oil transit fees.

Brent crude slipped 36 cents to $108.58 a barrel by 0837 GMT after jumping nearly 3 percent on Friday. U.S. crude edged down 45 cents to $90.95 after surging close to 5 percent in the previous session.

"Prices did rise quite a lot so it's probably profit-taking going on," said Michael Creed, an economist at the National Australia Bank.

U.S. employers hired the most workers in five months in July, but an increase in the jobless rate to 8.3 percent kept prospects of further monetary stimulus from the Federal Reserve on the table.

Expectations for more stimulus measures from the euro zone to support the debt-laden region and the latest pledge by China, the world's top energy consumer, to step up monetary policy fine-tuning were also helping to keep a floor under oil prices.

"There is a greater degree of optimism in commodities surrounding the euro zone than 2-3 weeks ago," Creed said.

"We are still awaiting details regarding what Draghi meant by he'll do anything to maintain the euro."

The market is now eyeing data from China due later this week that are likely to show the world's second-largest economy is, at best, stabilising rather than recovering briskly.

SUDANESE OIL DEAL

On the supply side, a fall in North Sea output due to maintenance and lower exports from Iran on tight Western sanctions have shored up oil prices.

Adding further support, an explosion on the Iraq-Turkey pipeline has shut in about 16 percent of Iraq's oil export flow. Repairs are expected to take up to 10 days.

But Sudanese oil exports may resume soon as Sudan reached a deal with South Sudan on oil transit fees, a first step towards ending a dispute which had brought the hostile neighbours close to war. But Sudan also said it wanted a border security agreement before oil flows resumed.

Disputes between the countries have reduced Sudanese crude exports by about 350,000 barrels per day from early this year.

Investors are also watching the approach of Tropical Storm Ernesto which kept on a westerly course in the Caribbean Sea on Sunday and was expected to strengthen slowly over the next 48 hours.

Forecasters expect Ernesto to move into the southern Gulf of Mexico by Thursday but it was too early to know whether it could disrupt oil and gas operations in the gulf. (Additional reporting by Florence Tan in Singapore; editing by Keiron Henderson)