Oil down in Asian trade

 World oil prices were lower in Asian trade today as investors locked in profits from a recent surge, but protests in the Arab world remained a concern, analysts said.

New York's main contract, light sweet crude for delivery in May, known as the West Texas Intermediate (WTI), was down 23 cents to $108.24 per barrel.Brent North Sea crude for May delivery fell seven cents to $120.99.