Generic Hero BannerGeneric Hero Banner
Latest market news

Oil market update: Nymex crude inches higher

  • Market: Biofuels, Biomass, Coal, Corporate, Crude oil, Electricity, Emissions, Freight, Fundamentals, LPG, Natural gas, Oil products, Petroleum coke, Politics
  • 11/08/09

Singapore, 11 August (Argus) — Nymex crude futures rose marginally in today's after-hours session on a continued positive economic outlook.

At 08:30 GMT, the front-month September US crude futures contract was at $70.89/bl, higher by 29¢/bl from its close yesterday when the contract ended 33¢/bl lower.

The Nymex September front-month heating oil futures contract in after-hours trade rose by 0.34¢/USG to $1.931/USG. Nymex September RBOB gasoline rose by 1.26¢/USG to $2.040/USG.

Oil markets will be watching a US Federal Reserve meeting that begins later today, which is expected to give an upbeat view of the US economy.

Send comments to feedback@argusmedia.com
naa/rjd


Sharelinkedin-sharetwitter-sharefacebook-shareemail-share
Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more