Oil Prices Consolidate Gains After Thursday's Rebound

U.S. oil futures rose modestly in Asia while the global benchmark was little changed in some consolidation trading following Thursday's rebound.

--January light, sweet crude on the New York Mercantile Exchange was recently up 0.2% at $57.16 a barrel in the Globex trading session. February Brent fell 2 cents to $63.29.

-- Oil climbed Thursday as concerns about the North Sea Forties pipeline outage resurfaced as it may be offline for up to a month. Analysts say it could start having an impact on WTI as it's $6/barrel cheaper than Brent, making imports of it more economical.

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

(END) Dow Jones Newswires

December 14, 2017 23:05 ET (04:05 GMT)