Spread Between US, Global Oil Benchmarks Narrows Further
November 19 2017 - 11:54PM
Dow Jones News
By Biman Mukherji
--Brent crude futures continued to trail the U.S. benchmark in
Asian trading on Monday, further narrowing a spread between the
world's two main oil contract types.
--January light, sweet crude on the New York Mercantile Exchange
was recently up 0.1% at $56.77 a barrel in the Globex training
session. Brent was down 0.2% at $62.58.
--Prices have been pulling back a bit lately, with Brent falling
faster, as investors continue to await what comes out of next
week's meeting of the Organization of the Petroleum Exporting
Countries. A further extension to ongoing production caps is
anticipated.
Write to Biman Mukherji at biman.mukherji@wsj.com
(END) Dow Jones Newswires
November 19, 2017 23:39 ET (04:39 GMT)
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