Oil prices higher in Asian trade

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SINGAPORE: Oil prices rose in Asian trade Friday but faced downward pressure from easing supply concerns as well as speculation the.

US Federal Reserve may begin to taper its stimulus programme soon, analysts said.

New York's main contract West Texas Intermediate (WTI) for December

delivery was up 38 cents at $94.58 in mid-morning trade, while Brent North Sea crude for December edged up two cents to $103.48.