Oil Futures Ease in Asia After Overnight Rise

Oil futures pulled back some in Asian trading following fresh overnight gains in the U.S. as weekly inventory data loom.

--October Nymex light, sweet crude on the New York Mercantile Exchange was recently down 0.2% at $49.06 a barrel in the Globex trading session after notching a 4-week settlement high Wednesday. November Brent fell 0.3% to $54.03 on London's ICE Futures and October Nymex gasoline dropped 0.3% to $1.6691 a gallon.

--Investors reacted little to the American Petroleum Institute's weekly US inventory data, which showed a smaller increase to oil stockpiles and smaller drop in gasoline inventories than is anticipated in later Thursday's government release.

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

(END) Dow Jones Newswires

September 07, 2017 00:54 ET (04:54 GMT)