| GEO Business | | Oil prices ease in Asian trade | Updated at: 1355 PST, Tuesday, March 24, 2009
 SINGAPORE: Oil prices fell in Asian trade Tuesday after hitting four-month peaks following a US government plan to clear toxic assets from banks.
New York's main futures contract, light sweet crude for May delivery, eased 25 cents to 53.55 dollars a barrel.
Brent North Sea crude for delivery in May shed 30 cents to 53.17 dollars. Oil prices soared to their highest levels since November 2008 in intraday trade Monday, with Nymex crude hitting a peak of 54.05 dollars and Brent touching 53.86 dollars.
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