Oil Rebounds Some After Wednesday's Slide

By Biman Mukherji Features Dow Jones Newswires

Oil futures rose modestly in Asian trading Thursday after a near-3% slide in prices overnight following a jump last week in U.S. gasoline inventories.

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--January light, sweet crude on the New York Mercantile Exchange was recently up 0.4% at $56.16 a barrel in the Globex trading session. February Brent rose 0.4% to $61.46.

--In focus now is demand with the supply side in statis following the OPEC-led production-cap deal being extended. US data that gasoline stockpiles jumped last week were a signal of potential soft demand.

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

(END) Dow Jones Newswires

December 06, 2017 23:34 ET (04:34 GMT)