Singapore, 18 December (Argus) — Nymex crude futures rose in today's after-hours trade on hopes that colder temperatures in the US and Europe will boost oil demand.
At 09:20 GMT the front-month Nymex January WTI crude contract was at $73.21/bl, rising by 56¢/bl from its close yesterday where the contract ended 1¢/bl lower.
The Ice February Brent crude contract rose by 38¢/bl to $73.75/bl.
Nymex January heating oil rose by 0.86¢/USG to $1.9660/USG, while Nymex January RBOB gasoline rose by 1.48¢/USG to $1.8668/USG.
Expectations that Opec will keep its output policy unchanged at its meeting next week also underpinned the bullish sentiment.
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