Crude Oil Update

Prices were easier in Asia on further signs that the US economy is weakening and on forecasts of warmer weather as winter approaches in the northern hemisphere, which are seen cutting demand in a well-supplied market.

The New York Mercantile Exchange's main contract, light sweet crude for December delivery, was last at $58.59 a barrel, $0.14 lower than its close of $58.73 in the US overnight.