Oil Futures Maintain Post-API Selloff

By FeaturesDow Jones Newswires

Oil futures remained lower in midday Asian trading Wednesday, maintaining the added decline seen after a U.S. industry group released its weekly inventory report.

--March light, sweet crude on the New York Mercantile Exchange was recently down 0.8% at $63.96 a barrel in the Globex trading session after logging its biggest drop in nearly two months Tuesday at 1.6%. March Brent was recently down 0.7% at $68.52.

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--The American Petroleum Institute said late Tuesday that U.S. inventories rose 3.2 million barrels last week, nearly double the increase expected to be in Wednesday's government report.

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

(END) Dow Jones Newswires

January 30, 2018 23:43 ET (04:43 GMT)