9-29-17 12:45 AM EDT | Email Article
   By Biman Mukherji 
 

--Oil futures pared some of their modest morning gains in Asia as investors take stock of the market's strong September bounce.

--After trading slightly higher early morning, November Nymex light, sweet crude on the New York Mercantile Exchange was recently down 5 cents at $51.51 a barrel in the Globex trading session. December Brent stood 3 cents higher at $57.19.

--Both the U.S. and global oil benchmarks started Friday's trading with gains of just under 10% for September amid optimism that a years-long supply glut will start shrinking notably soon. On tap later Friday is the weekly U.S. oil-rig data from Baker Hughes Inc.

 

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

 

(END) Dow Jones Newswires

September 29, 2017 00:45 ET (04:45 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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