Oil Futures Maintain Post-API Decline

12/05/17 11:42 PM EST
   By Biman Mukherji 

--Oil futures remained modestly lower in midday Asian trading Wednesday in the wake of a jump in U.S. gasoline inventories last week.

--January light, sweet crude on the New York Mercantile Exchange was recently down 0.4% at $57.41 a barrel in the Globex trading session. February Brent fell 0.4% to $62.61 and January gasoline was off 1% at $1.7011 per gallon.

--While the weekly U.S. inventory reading from the American Petroleum Institute showed a bigger drop in oil than is expected from Wednesday's government report, gasoline stockpiles jumped much more than that release is anticipated to show.


Write to Biman Mukherji at biman.mukherji@wsj.com


(END) Dow Jones Newswires

December 05, 2017 23:42 ET (04:42 GMT)

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