| GEO Business|
| Oil prices down in Asian trade|
| Updated at: 1221 PST, Friday, January 23, 2009|
SINGAPORE: World oil prices fell in Asian trade Friday after staging a late rally the previous day.
New York's main futures contract, light sweet crude for March delivery, was down 77 cents to 42.90 dollars a barrel.
Brent North Sea crude for March delivery was down 55 cents to 44.84. Mark Pervan, senior commodities analyst in Melbourne, said the slight rally on Thursday was a technical rebound and not indicative of the current market.