Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in subdued Asian trade Monday but retained support from concerns about a crisis in Libya as well as an upbeat demand outlook in the US, analysts said.

The US benchmark, West Texas Intermediate (WTI) for delivery in July, fell 26 cents to $104.09 per barrel in mid-morning trade. Brent North Sea crude for July delivery dropped 26 cents to $110.26.