Oil Futures Maintain Overnight Jump; Gasoline Down Again
14 September 2017 - 3:05PM
Dow Jones News
By Biman Mukherji
--Oil futures were down slightly in Asia following strong
overnight gains which followed upbeat data and guidance from the
International Energy Agency.
--October Nymex light, sweet crude on the New York Mercantile
Exchange was recently down 0.1% at $49.23 a barrel in the Globex
trading session. November ICE Brent futures were off 0.2% at $55.01
and October Nymex gasoline fell 0.6% to $1.6367 a gallon after
having already dropped in 7 of the prior 8 sessions.
--There are signs of progress in a long-awaited global
rebalancing of oil inventories, said ANZ. It added that chatter
about a possible extension of the production-cap agreement led by
the Organization of the Petroleum Exporting Countries have also
helped prices.
Write to Biman Mukherji at biman.mukherji@dowjones.com
(END) Dow Jones Newswires
September 14, 2017 00:50 ET (04:50 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.