Singapore, 17 September (Argus) — Crude futures were little changed in today's after-hours session, holding above $72/bl as EIA weekly data showed a big decline in US crude stocks.
At 08:34 GMT, the front-month Nymex October WTI crude contract was at $72.35/bl, lower by 16¢/bl from its close yesterday when the contract ended $1.23/bl higher.
Ice November Brent crude fell by 32¢/bl to $71.35/bl.
Nymex October heating oil fell by 0.36¢/USG to $1.8222/USG, while Nymex October RBOB gasoline fell by 0.03¢/USG to $1.8480/USG.
Bullish EIA data for crude is keeping oil prices supported, although high US products' stocks are of some concern. EIA data yesterday showed US crude stocks fell by 4.7mn bl, while distillates stocks rose by a larger than expected 2.2mn bl.
But a rally in equity markets, reflecting growing investor confidence, kept oil prices from falling further.
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