Oil prices rose modestly in Asian trading Tuesday as the market remained broadly range-bound ahead of U.S. inventory data and the expiry of the January West Texas Intermediate contract.
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--January light, sweet crude on the New York Mercantile Exchange was recently up 0.2% at $57.31 a barrel in the Globex trading session. February Brent rose 0.1% to $63.49.
--Prices may remain range-bound going into the holiday season unless U.S. inventory data the next 36 hours from the American Petroleum Institute or the Energy Information Administration surprise the market.
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(END) Dow Jones Newswires
December 18, 2017 22:40 ET (03:40 GMT)