Crude down in Asia

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SINGAPORE, Nov 10 (AFP): Oil prices inched lower in Asian trade today as persistent doubts over the eurozone's debt crisis cast a pall over crude markets, analysts said. New York's main contract, light sweet crude for December delivery, fell five cents to $95.69 a barrel. Brent North Sea crude for delivery in December shed seven cents to $112.24. "Prices are down because of the overall sentiments in the market, it could be due to lingering concerns over the European debt problem," said Ker Chung Yang, commodity analyst for Phillip Futures in Singapore. Ongoing political turmoil in debt laden Greece and Italy dragged down the euro currency as well as European and US bourses overnight as International Monetary Fund chief Christine Lagarde warned of a potential "downward spiral" in the global economy.