Oil prices slip on profit-taking

SINGAPORE: Oil prices eased on profit-taking in thin Asian trade Friday following gains in New York fuelled by upbeat sentiment over the US Federal Reserve´s decision to begin easing its massive stimulus programme.

New York´s main contract, West Texas Intermediate (WTI) for February delivery, was down 26 cents at $98.78 in mid-morning trade while Brent North Sea crude for February eased 30 cents to $109.99.