US Oil Futures Pull Back Further

US oil futures extended Monday's pullback in Asian trading Tuesday in the run-up to Thursday's key meeting regarding ongoing production caps.

--January light, sweet crude on the New York Mercantile Exchange was recently down 0.6% at $57.75 a barrel in the Globex training session. February Brent was down 0.3% at $63.21.

--The drop in the American WTI benchmark this week has followed futures hitting 2 1/2-year highs, helped by a pipeline shutdown. Now in focus is the meeting of the Organization of the Petroleum Exporting Countries and others, most notably Russia.

Write to Biman Mukherji at

(END) Dow Jones Newswires

November 27, 2017 23:19 ET (04:19 GMT)