Singapore, 5 October (Argus) — Crude futures were lower in today's after-hours trade as bleak US economic data kept the market concerned about an economic recovery.
At 08:30 GMT the front-month Nymex November WTI crude futures was at $69.65/bl, lower by 30¢/bl from its close at the end of last week when the contract ended 87¢/bl lower.
The Ice November Brent crude contract was down by 36¢/bl to $67.71/bl.
Nymex November heating oil fell by 1.21¢/USG to $1.7847/USG, while Nymex November RBOB gasoline fell by 0.51¢/USG to $1.7358/USG.
Oil prices have weakened as a US federal governmental report late last week showed September unemployment at a 26-year high.
Oil prices have also dipped on easing tensions between Iran and the international community. Tehran has agreed to allow the UN's nuclear watchdog the International Atomic Energy Agency to inspect a newly disclosed uranium enrichment plant, possibly heading off more sanctions pressure against the Opec producer.
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