| GEO Business|
| Oil prices higher in Asian trade|
| Updated at: 1154 PST, Thursday, June 18, 2009|
SINGAPORE: Oil prices were higher in Asian trade Thursday, with New York crude holding above 71 dollars a barrel following a sharp fall in US crude reserves and amid continued unrest in Iran and Nigeria.
New York's main futures contract, light sweet crude for delivery in July, gained 15 cents to 71.18 dollars a barrel. Brent North Sea crude for August delivery was up one cent to 70.86 dollars.