Oil prices down in Asian trade

SINGAPORE: Oil prices slipped on profit-taking in Asian trade Wednesday following a recent rally, while the return of Libyan crude boosted supplies and dented demand.

New York´s main contract, West Texas Intermediate (WTI) for February delivery, fell seven cents to $92.52 a barrel in mid-morning trade, while Brent North Sea crude for February dropped 23 cents to $106.16