Oil Futures Ease After Wednesday's Gains

By Biman MukherjiFeaturesDow Jones Newswires

Oil futures fell slightly in Asian trading Thursday following fresh gains a day earlier extended the past week's rebound.

--February light, sweet crude on the New York Mercantile Exchange was recently down 5 cents at $58.09 a barrel in the Globex trading session. February Brent fell 0.3% to $64.38.

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--Amid still-rising US output--average daily production hit another record high last week according to government data--oil prices don't have much more to rise near-term, said ICIS analyst Li Li.

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

(END) Dow Jones Newswires

December 20, 2017 23:30 ET (04:30 GMT)