Oil Futures Largely Flat in Asian Trade, Consolidating Friday's Fall

Oil futures held largely flat in Asian trading on Monday, holding steady after declines in the U.S. session on Friday.

--December, light crude on the New York Mercantile Exchange was recently up 0.1% at $56.80 a barrel in the Globex training session. January Brent was also up by the same percentage margin to $63.56.

--Helping oil in Asia this morning was news of an explosion at a Saudi-Bahraini pipeline over the weekend, as well as concerns that a large earthquake in Iraq may have damaged oil infrastructure there.

--Oil prices remain supported in the run-up to a meeting of the Organization of the Petroleum Exporting Countries later this month, at which the ongoing production caps will likely to be further extended.

Write to Lucy Craymer at lucy.craymer@wsj.com

(END) Dow Jones Newswires

November 12, 2017 21:47 ET (02:47 GMT)