Oil prices continued to rise in Asian trading Friday after the U.S. benchmark matched the global Brent standard in reaching levels last seen in mid-2015.
--December light, sweet crude on the New York Mercantile Exchange was recently up 0.5% at $54.81 a barrel in the Globex trading session. January Brent rose 0.4% to $60.84.
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--While noting things continue to improve with crude and fuel supplies approaching 5-year averages, BMI Research says prices may be moving ahead of fundamentals. "We expect the bullish positioning to moderate...as demand softens seasonally and inventories build" into early 2018.
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(END) Dow Jones Newswires
November 03, 2017 00:19 ET (04:19 GMT)