Oil Prices Consolidate Gains After Thursday's Rebound

By Lucy Craymer Features Dow Jones Newswires

U.S. oil futures rose modestly in Asia while the global benchmark was little changed in some consolidation trading following Thursday's rebound.

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--January light, sweet crude on the New York Mercantile Exchange was recently up 0.2% at $57.16 a barrel in the Globex trading session. February Brent fell 2 cents to $63.29.

-- Oil climbed Thursday as concerns about the North Sea Forties pipeline outage resurfaced as it may be offline for up to a month. Analysts say it could start having an impact on WTI as it's $6/barrel cheaper than Brent, making imports of it more economical.

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

(END) Dow Jones Newswires

December 14, 2017 23:05 ET (04:05 GMT)