Singapore, 10 July (Argus) — Nymex crude futures slipped below $60/bl in today's after-hours session on fears that the economic slowdown will be prolonged.
At 08:30 GMT, the front-month August US crude futures contract was at $59.80/bl, lower by 61¢/bl from yesterday's close when the contract ended 27¢/bl higher.
The Nymex August front-month heating oil futures contract in after-hours trade fell by 1.64¢/USG to $1.5180/USG. Nymex August RBOB gasoline prices fell by 0.85¢/USG to $1.6553/USG.
Crude futures headed higher yesterday as steady price declines during the past week attracted some renewed buying, but signs of bleak demand pulled values back down.
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