Oil Futures Maintain Thursday Gains in Asia
February 22 2018 - 11:29PM
Dow Jones News
By Biman Mukherji
--Oil futures maintained Thursday's 1.5%-plus gains in Asian
trading after the market was bolstered by weekly U.S. data.
--April light, sweet crude on the New York Mercantile Exchange
was recently up 5 cents at $62.82 a barrel in the Globex trading
session. April Brent fell a penny to $66.36.
--After hitting multiple record highs of late, U.S. government
data showed daily domestic crude production held steady last week
while exports rose, helping send inventories down modestly.
Analysts said that could mean a further rebound for oil--especially
if the dollar weakens anew. A pullback for the dollar also helped
Thursday's gains.
Write to Biman Mukherji at biman.mukherji@wsj.com
(END) Dow Jones Newswires
February 22, 2018 23:14 ET (04:14 GMT)
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