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Oil Futures Maintain Modest Overnight Gains

15 Mar 2018 4:28 am
   By Biman Mukherji 

--Oil futures remained up slightly in midday trading Thursday in Asia, building on modest gains Wednesday.

--April light, sweet crude on the New York Mercantile Exchange was recently up 0.15% at $61.05 a barrel in the Globex trading session. May Brent rose 3 cents to $64.92.

--Wednesday's gains came despite the U.S. saying that oil inventories rose more than expected last week and average daily output hitting yet-another record high. But gasoline and diesel stockpiles logged bigger-than-projected declines. fell more than expected.

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

(END) Dow Jones Newswires

March 15, 2018 00:28 ET (04:28 GMT)

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