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Oil Futures Quiet in Asia After Overnight Rebound10-6-17 12:37 AM EDT
   By Biman Mukherji 

--Oil futures remained down very slightly in Asian trading, holding on to near-2% gains overnight as discussions between Saudi Arabia and Russia buoyed hopes about an ongoing output cap by major producers.

--November Nymex light, sweet crude oil on the New York Mercantile Exchange was recently down 6 cents at $50.73 a barrel in the Globex trading session. ICE December Brent eased 5 cents to $56.95.

--Some analysts' views have been brightening of late. BMI Research ticked up both 2018 and long-term price forecasts for Brent, saying investors are overestimating potential further growth in U.S. shale-oil production while underestimating how global output will be constrained by the past several years' slump in capital spending.


Write to Biman Mukherji at


(END) Dow Jones Newswires

October 06, 2017 00:37 ET (04:37 GMT)

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