Oil higher in Asian trade

 Updated at: 0758 PST,  Monday, August 15, 2011 SINGAPORE: Oil prices were higher in Asian trade Monday, lifted by buoyancy in regional stock markets but analysts said the spectre of another global recession was expected to limit gains.New York's main contract, West Texas Intermediate crude for delivery in September, was up 22 cents to $85.60 a barrel in morning trade. Brent North Sea crude