Oil Futures Pull Back Anew After Overnight Drop

By Lucy Craymer Features Dow Jones Newswires

Oil prices were little changed in Asia, paring early gains seen after crude pulled back Thursday.

Continue Reading Below

--November Nymex light, sweet crude oil on the New York Mercantile exchange was recently up 0.2% at $51.38 a barrel in the Globex trading session. December Brent was flat at $57.23.

--The market has largely ignored bullish comments from the Organization of the Petroleum Exporting Countries. Secretary General Mohammed Barkindo said market balance is in sight while Russian President Vladimir Putin said that any extension of current production caps should continue through 2018.

Write to Lucy Craymer at lucy.craymer@wsj.com

(END) Dow Jones Newswires

October 19, 2017 23:01 ET (03:01 GMT)