Singapore, 21 July (Argus) — Nymex crude futures were stable at just above $64/bl in today's after-hours trade as the market sought clearer indications of a global economic recovery
At 08:30 GMT, the front-month August US crude futures contract was at $64.03/bl, rising by 5¢/bl from its close yesterday when the contract ended 42¢/bl higher.
The Nymex August front-month heating oil futures contract in after-hours trade rose by 0.16/USG to $1.6910/USG. Nymex August RBOB gasoline prices rose by 0.06¢/USG to $1.79/USG.
Oil prices have strengthened mainly on the back of firmer equities market but high oil stocks and weak demand remain a concern. US oil data due out later this week are expected to show a rise in gasoline inventories.
Send comments to feedback@argusmedia.com
naa/rjd
