Oil Futures Trending Lower in Asia

By Biman MukherjiFeaturesDow Jones Newswires

Oil futures fell in Asian trading, hitting session lows around midday, amid continued gains for the dollar.

--November Nymex light, sweet crude on the New York Mercantile Exchange was recently down 0.3% at $51.97 a barrel in the Globex trading session. ICE December Brent futures fell 0.4% to $57.34.

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--While further normalization of U.S. refinery activity could lead to the gap between WTI and Brent moving back below $5 a barrel, higher compliance with ongoing production caps should keep overall prices supported.

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

(END) Dow Jones Newswires

September 28, 2017 00:41 ET (04:41 GMT)