Oil Futures Maintain Post-API Decline -- Market Talk

By Biman MukherjiFeaturesDow Jones Newswires

Oil futures remained modestly lower in midday Asian trading Wednesday in the wake of a jump in U.S. gasoline inventories last week.

--January light, sweet crude on the New York Mercantile Exchange was recently down 0.4% at $57.41 a barrel in the Globex trading session. February Brent fell 0.4% to $62.61 and January gasoline was off 1% at $1.7011 per gallon.

Continue Reading Below

--While the weekly U.S. inventory reading from the American Petroleum Institute showed a bigger drop in oil than is expected from Wednesday's government report, gasoline stockpiles jumped much more than that release is anticipated to show.

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

(END) Dow Jones Newswires

December 05, 2017 23:42 ET (04:42 GMT)