Singapore, 24 January (Argus) — Nymex crude prices were lower in today's after-hours trade amid concerns about future US oil demand.
At 08:30 GMT the front-month Nymex March WTI crude contract was at $74.32/bl, down by 22¢/bl from its close at the end of last week when the contract ended $1.54/bl lower.
The Ice March Brent crude contract fell by 13¢/bl to $72.70/bl.
Nymex February heating oil fell by 0.01¢/USG to $1.9415/USG, while Nymex February RBOB gasoline rose by 0.19¢/USG to $1.9676/USG.
Continued mild winter weather in the US northeast pointed to limited demand for heating fuels. US President Barack Obama's proposal for more restrictions on the banking sector also kept fuelled market uncertainty about the pace of an economic recovery and with it the country's future oil demand growth.
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