Oil prices made meager gains in early Asian trade on Thursday on expectation that U.S. crude production would be trimmed and pre-Thanksgiving settlements.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF6, -0.60% traded at $43.19 a barrel, up $0.15 in the Globex electronic session. January Brent crude LCOF6, -1.19% on London’s ICE Futures exchange was flat at $46.16 a barrel.
On Wednesday, the Energy Information Administration reported U.S. crude inventories grew 1 million barrels in the week ended Nov. 20. The figure was below the 2.6 million-barrel growth estimated by industry group American Petroleum Institute.
