Singapore, 9 October (Argus) — Nymex WTI crude futures eased lower in after-hours trade following a rally yesterday, although prices stayed above $71/bl.
At 08:48 GMT the front-month Nymex November WTI crude contract was at $71.28/bl, falling by 41¢/bl from its close yesterday when the contract ended $2.12/bl higher.
The Ice November Brent crude contract fell by 35¢/bl to $69.41/bl.
Nymex November heating oil fell by 1.07¢/USG to $1.8362/USG, while Nymex November RBOB gasoline fell by 1.41¢/USG to $1.7656/USG.
Oil prices retreated as the US dollar strengthened slightly on the possibility of tighter US monetary policy.
The market remains concerned about supplies and a recovery in oil demand. US EIA inventory data this week showed a rise in gasoline and distillates stocks but crude inventories showed a decline.
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