Oil prices edge lower ahead of US stockpiles data

SINGAPORE: Oil prices edged lower in Asian trade with few leads to spur fresh market movement, but retained support from signs of resurgent demand in the United States, the world´s biggest oil consumer, analysts said.

New York´s main contract, West Texas Intermediate (WTI) for January delivery, was down nine cents to $98.42 in mid-morning Asian trade while Brent North Sea crude for January eased 10 cents to $109.28.