U.S. oil futures ticked higher in Asian trading Friday while the global Brent benchmark continued to pull back after both hit fresh two-week lows Thursday.
--December light, sweet crude on the New York Mercantile Exchange was recently up 0.3% at $55.29 a barrel in the Globex training session. January Brent fell 0.3% to $61.19.
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--A spread of around $6 between the benchmark has helped the global benchmark underperform West Texas Intermediate, but range-bound trading should continue ahead of the month-end Organization of the Petroleum Exporting Countries meeting. There, this year's production-cap deal is expected to be extended again.
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(END) Dow Jones Newswires
November 16, 2017 23:47 ET (04:47 GMT)