Singapore, 6 July (Argus) — Nymex crude futures slipped below $65/bl in today's after-hours session on concerns that a global economic recovery will be slow. A firmer US dollar also pulled oil prices lower.
At 08:30 GMT, the front-month August US crude futures contract was at $64.02/bl, falling by $2.71/bl from its close on 2 July. Nymex was closed on 4 July because of the US Independence Day holiday but electronic trading continued.
The Nymex August front-month heating oil futures contract in after-hours trade fell by 6.78¢/USG from the previous session to $1.6338/USG. Nymex August RBOB gasoline prices fell by 6.42¢/USG to $1.7266/USG.
Claims by Nigeria's main rebel group Mend that it had attacked oil facilities operated by Shell and Chevron failed to lift the market.
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