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Empresas y finanzas

Crude oil futures up slightly in early Asian trade


    TOKYO (Reuters) - Oil futures traded slightly higher on Friday in thin early Asian trade, after setting multi-month lows in the previous session, as investors await indications on how prolonged the current period of oversupply will be.

    Both of the main oil benchmarks are heading for nearly 5 percent declines this week and are on the longest losing streak since the turn of the year.

    U.S. crude was 10 cent higher at $44.76 at 0106 GMT after dropping more than 1 percent on Thursday when it fell to a 4-1/2 month low.

    The contract is heading for a sixth week of declines, the most number of weeks it has fallen in a row since dropping for seven weeks between November and January. It is down 5 percent this week, the biggest weekly decline in two weeks.

    Brent , the global oil benchmark, was trading 12 cents higher at 49.64, after reaching a six-month in the previous session.

    The contract is down about 4.8 percent this week, the biggest weekly fall since March. It is also heading for a sixth week of declines, the longest losing streak since the turn of the year when the market was in freefall.

    Crude futures are a few dollars away from breaking 2015 lows. Brent's bottom for the year was $45.19 in January while U.S. crude fell to as low as $42.03 in March.

    (Reporting by Aaron Sheldrick; Editing by Michael Perry)