Singapore, 3 December (Argus) — Nymex crude futures recovered some losses in today's after-hours trade amid a weaker US dollar and a rise in equities markets.
At 08:30 GMT the front-month Nymex January WTI crude contract was at $77.38/bl, rising by 78¢/bl from its close yesterday when the contract ended $1.77/bl lower.
The front-month Ice January Brent contract rose by 97¢/bl to $78.85/bl.
Nymex January heating oil rose by 1.70¢/USG to $2.0534/USG, while Nymex January RBOB gasoline rose by 1.71¢/USG to $2.0099/USG.
But hefty oil inventories and slow demand growth remain a concern. Oil prices fell yesterday as US EIA data showed a larger than expected increase of 2.1mn bl in US crude stocks for the week to 27 November. US gasoline stocks rose by 4mn bl.
Send comments to feedback@argusmedia.com
naa/rjd
Request more information about Argus' energy news, data and analysis services.
Copyright 2009 Argus Media Ltd
