Oil prices higher over tight supplies

SINGAPORE - Oil prices were higher in Asia on Monday as traders again fretted over tight energy supplies with the northern hemisphere winter approaching, dealers said.
Indications that the Organisation of the Petroleum Exporting Countries (OPEC) is not about to raise output were also propping up prices, they said.
In early morning trade New York's main contract, light sweet crude for January delivery, was 69 cents higher at 94.53 US dollars a barrel from 93.84 dollars in US trades Friday.
The December contract expired Friday, closing 1.67 dollars higher at 95.10 dollars.
Brent North Sea crude for January delivery climbed 63 cents to 92.25 dollars.
bh/mc

11/19/2007 02:23 GMT