Oil Stabilizes after Overnight Skid on U.S. Inventories

02/28/18 11:36 PM EST
   By Biman Mukherji 

--Oil prices stabilized in Asian trading on Thursday after sliding Wednesday on higher U.S. oil and gasoline stockpiles and fresh dollar gains.

--April light, sweet crude on the New York Mercantile Exchange was recently up 6 cents at $61.70 a barrel in the Globex trading session. May Brent fell 4 cents to $64.69.

--With U.S. oil output at record highs, Friday's rig-count data from Baker Hughes is liable to remain strong as well.


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


(END) Dow Jones Newswires

February 28, 2018 23:36 ET (04:36 GMT)

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