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.
Continue Reading Below
--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 firstname.lastname@example.org
(END) Dow Jones Newswires
November 12, 2017 21:47 ET (02:47 GMT)