Oil prices were little changed in Asian trading Friday after overnight gains which saw the U.S. benchmark hit a fresh six-month high and Brent reach a new 2-year top.
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--December Nymex light, sweet crude on the New York Mercantile Exchange was recently down 2 cents at $52.62 a barrel in the Globex trading session. Brent rose 5 cents to $59.35.
--With Russia and Saudi Arabia pushing for an extension of ongoing production caps, oil prices have found support as supplies have been falling some. "The improving fundamental picture has created a strong backdrop of a rising price floor," said Helima Croft, global head of commodity strategy at RBC Capital Markets.
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(END) Dow Jones Newswires
October 27, 2017 00:17 ET (04:17 GMT)