Oil Futures Turn Slightly Lower in Asia
January 16 2018 - 11:52PM
Dow Jones News
By Biman Mukherji
--Oil futures were slightly lower by midday Wednesday in Asia
after morning gains reversed some of the decline seen Tuesday.
--February light, sweet crude on the New York Mercantile
Exchange was recently down 0.1% at $63.65 a barrel in the Globex
trading session. March Brent eased 0.1% to $69.06.
--While some have speculated about the prospect of compliance to
ongoing production caps lessening with oil at three-year highs, BMI
Research contends there's little risk of slippage. "Continued
restraint by Saudi Arabia should cushion any potential impact on
sentiment," it adds.
Write to Biman Mukherji at biman.mukherji@wsj.com
(END) Dow Jones Newswires
January 16, 2018 23:37 ET (04:37 GMT)
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