Oil flat in Asian trade amid US oversupply concerns

SINGAPORE: Oil was flat in thin Asian trade Friday after the Thanksgiving holiday in the United States, with investors increasingly concerned over growing US crude stockpiles, analysts said.

New Yorks main contract, West Texas Intermediate (WTI) for January delivery, was up one cent at $92.31 in mid-morning Asian trade while Brent North Sea crude for January eased four cents to $110.82.