Oil Slips; Property Rally Boosts China Stocks

Oil prices came under fresh pressure Thursday, after recent signs of discord among leading energy producers, while growing optimism about support for property developers helped lift stocks in Hong Kong and mainland China.

With the U.S. closed for the Thanksgiving holiday, action in most global markets was muted. Futures tied to major indexes edged higher, suggesting U.S. markets could be due a small bounce when they reopen for the shortened Black Friday session.