Crude prices come down on Asian trading
Singapore: Oil futures edged lower slightly in Asian trading, a day after surging above $49 for the first time since November.

Light sweet crude for February delivery fell by 13 cents to $ 48.25 a barrel in electronic trading mid-morning. In trading early Tuesday, light sweet crude went as high as $ 49.50 while heating oil topped $ 1.39.

Prices have since fallen as dealers cash in on profits from early highs and absorb reports of mild temperatures in the United States in coming weeks.

Prices had also been pushed higher after the International Energy Agency revised its estimate for expected daily demand for crude in 2005 upward by 100,000 barrels a day to 1.4 million barrels.
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