Oil futures held steady in Asian trade on Thursday, after slight declines overnight in the U.S., with the market staying in a holding pattern on a lack of fresh trading cues.
--December light, sweet crude on the New York Mercantile Exchange was recently up 0.1% at $56.89 a barrel in the Globex training session. January Brent rose 0.2% at $63.62.
Continue Reading Below
--Despite an unexpected rise in U.S. crude supplies last week, both Nymex and Brent futures settled at their third-highest levels of the year Wednesday, amid indications of tightening in an over-supplied market.
--Fresh price cues are seen coming from a meeting at the end of this month to decide on an extension of a production cap by members of the Organization of the Petroleum Exporting Countries and others, including Russia.
Write to Biman Mukherji at email@example.com
(END) Dow Jones Newswires
November 08, 2017 23:33 ET (04:33 GMT)