Oil prices higher in Asian trade

SINGAPORE: Oil prices inched higher in Asian trade Friday on upbeat US corporate and economic news, although profit-taking limited gains, analysts said.

New York's main contract, West Texas Intermediate (WTI) for delivery in
August, rose one cent to $108.05 a barrel, while Brent North Sea crude for September was up 12 cents at $108.82.

WTI soared $1.56 in New York Thursday, to end at its highest level since
March 1, 2012.