Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Wednesday on expectations of an increase in US inventories, and as traders await a Federal Reserve decision on the future of stimulus programme.

New York´s main contract, West Texas Intermediate (WTI) for March delivery, eased 23 cents to $97.18 in mid-morning trade while Brent North Sea crude for March was down one cent at $107.40.