Oil down

Oil weakened in Asian trade Tuesday on profit-taking after gains in New York driven by OPEC's decision to maintain its existing output targets, analysts said.
New York's main contract, light sweet crude for January delivery, was off 41 cents at 88.20 dollars a barrel and Brent North Sea crude for January delivery sank 24 cents to 90.95 dollars.
The price decline is seen as a temporary blip with oil on track to hit 100 dollars amid strong demand especially from China, the world's top energy consumer.