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Futures Movers: Oil prices churn near little changed, caught up in OPEC production uncertainty

Crude futures prices recovered modestly from losses seen earlier Thursday when data from the Organization of the Petroleum Exporting Countries showed a further increase in its output.

Choppy trading could persist as investors speculate ahead of official OPEC production decisions in November.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX6, -0.04% traded at $50.19 a barrel, up $0.02, or less than 0.1%, in the Globex electronic session. The contract had dropped to $49.62 earlier.

December Brent crude LCOZ6, +0.10% on London’s ICE Futures exchange also nosed its way into positive territory, last changing hands at $51.86 a barrel, up 5 cents, or 0.1%.

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