Singapore, 1 September (Argus) — Nymex oil futures rose in today's after-hours session, as positive economic signals from China improved sentiment.
At 08:00 GMT, the front-month Nymex October WTI crude contract was at $70.60/bl, rising by 64¢/bl from its close yesterday.
Ice October Brent crude was 74¢/bl higher at $71.60/bl.
The new front-month Nymex October heating oil futures contract rose by 1.72¢/USG to $1.8257/USG, while Nymex October RBOB gasoline rose by 1.41¢/USG to $1.8240/USG.
Nymex WTI fell by $2.78/bl yesterday amid reports that lending in China is slowing. But sentiment has firmed on reports of expansion in China's manufacturing sector, suggesting that the country's economic recovery is on track.
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