Oil prices higher in Asian trade on concern over tight supplies

Singapore (ANTARA News) - Oil prices were higher in Asia on Monday as
traders again fretted over tight energy supplies with the northern
hemisphere winter approaching.

Indications that the Organization of Petroleum Exporting Countries is not about to raise output were also propping up prices.

In early morning trade New York's main contract, light sweet crude for
January delivery, was 69 cents higher at 94.53 dollars a barrel from
93.84 dollars in US trading Friday.

The December contract expired Friday, closing 1.67 dollars higher at 95.10 dollars, AFP reported. (*) END