Brent Oil Futures Tick Down After Monday's Jump -- Market Talk
February 19 2018 - 11:40PM
Dow Jones News
By Biman Mukherji
--Brent oil futures are lower in Asian trading after Monday's
1.3% gain put crude's global benchmark at a two-week high.
--April Brent futures were recently down 0.3% at $65.45 a
barrel. March light, sweet crude on the New York Mercantile
Exchange was recently up 1% at $62.19 in the Globex trading session
to reflect Brent's gains Monday and as the U.S. benchmark didn't
have a settlement level because of the Presidents Day holiday.
--Investors are likely to take further cues from U.S. data,
notably oil production. "Despite strong oil consumption" amid the
global's ongoing economic strength, U.S. oil supplies should rise
much of this year on still-growing output there, says ICBC.
Write to Biman Mukherji at biman.mukherji@wsj.com
(END) Dow Jones Newswires
February 19, 2018 23:25 ET (04:25 GMT)
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