Singapore, 19 October (Argus) — Nymex futures rose in today's after-hours trade following the closure of key Mexican oil ports, slowly inching up to test the $80/bl mark.
At 07:30 GMT the front-month Nymex November WTI crude contract stood at $78.86/bl, up $0.33/bl from its close at the end of last week.
The Ice December Brent crude contract stood at $77.32/bl, also up by $0.33/bl from the previous close.
Nymex November heating oil firmed 0.72¢/USG to $2.0369/USG. Nymex November RBOB gasoline moved up by 0.51¢/USG to $1.9844/USG.
Strong winds and high waves had forced Mexico to close several oil ports at the weekend, creating short-term concerns about supplies to the US. A weaker US dollar and improving global economic indicators had already contributed to push oil prices up last week.
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