Oil Prices Edge Up as Market Stabilizes -- Market Talk
December 17 2017 - 11:12PM
Dow Jones News
By Lucy Craymer
--Oil prices rose slightly in Asian trading on Monday,
continuing last week's stabilization as end-of-year positioning
takes place.
--January light, sweet crude on the New York Mercantile Exchange
was recently up 0.1% at $57.37 a barrel in the Globex trading
session. February Brent rose 0.2% to $63.35.
--While S&P Global Platts Analytics predicts oil supply will
grow faster than demand next year, led by further gains in U.S.
shale, supplies "will still decline, supporting oil market
backwardation and relatively strong nominal prices."
Write to Lucy Craymer at lucy.craymer@wsj.com
(END) Dow Jones Newswires
December 17, 2017 22:57 ET (03:57 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.