Futures Movers: Oil prices wobble in holiday-thinned trade

Oil prices resumed their slide on Thursday, with investors rattled by U.S. supply data in a session thinned out by the U.S. Thanksgiving Day holiday.

Reversing part of Wednesday’s rise, January West Texas Intermediate crude CLF9, -0.42% fell 52 cents, or 1%, to $54.10 a barrel. The contract rose nearly 2.3% on Wednesday, after losing 6.6% Tuesday to settle at a more than one-year low of $53.43. For the week so far, WTI is down 4.8%.

U.S. markets will be closed Thursday and hold an abbreviated trading session Friday.

Read:Which markets are closed on Thanksgiving?

Global benchmark January Brent LCOF9, -0.11% slid by 52 cents, or 0.8%, to $62.96 a barrel, after closing up 1.5% on Thursday.

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