Singapore, 31 July (Argus) — Nymex crude futures steadied in today's after-hours trade on renewed hopes about a global economic recovery.
At 08:30 GMT, the front-month September US crude futures contract was at $67.10/bl, higher by 16¢/bl from its close yesterday when the contract rose by $3.59/bl.
The Nymex August front-month heating oil futures contract in after-hours trade fell by 0.87¢/USG to $1.76/USG. Nymex August RBOB gasoline prices fell by 0.89¢/USG to $1.9822/USG.
Oil prices rose yesterday, reversing the sharp losses seen a day earlier, as gains on US equities markets and stronger corporate results fuelled optimism about an economic recovery. But high oil stocks in the US remain a concern.
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