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Oil futures – Nymex crude stays below $76/bl

  • Market: Biofuels, Biomass, Coal, Corporate, Crude oil, Electricity, Emissions, Freight, Fundamentals, LPG, Natural gas, Oil products, Petroleum coke, Politics, Refinery shutdowns
  • 07/12/09

Singapore, 7 December (Argus) — Nymex crude futures were marginally firmer in today's after-hours trade, although prices stayed below $76/bl.

At 07:30 GMT the front-month Nymex January WTI crude contract was at $75.63/bl, rising by just 16¢/bl from its close at the end of last week when the contract ended 99¢/bl lower.

The front-month Ice January Brent crude contract rose by 31¢/bl to $77.83/bl.

Nymex January heating oil rose by 1.13¢/USG to $2.0381/USG, while Nymex January RBOB gasoline rose by 0.35¢/USG to $1.9785/USG.

Oil prices found some support from a slight weakening of the US dollar, although there was little news to move the market amid high oil stocks and slow demand growth continuing to cap any oil price gains.

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