Singapore, 29 January (Argus) — Nymex crude prices were steady in today's after-hours trade, as high US oil stocks kept a lid on price gains.
At 08:30 GMT the front-month Nymex March WTI crude contract was at $73.70/bl, higher by 6¢/bl from its close yesterday when the contract ended 3¢/bl lower.
The Ice March Brent crude contract rose by 4¢/bl to $72.17/bl.
Nymex February heating oil fell by 0.41¢/USG to $1.9150/USG, while Nymex February RBOB gasoline rose by 0.12¢/USG to $1.9186/USG.
US EIA data this week showing a rise in gasoline and distillates stocks have weighed on market sentiment, but oil prices are expected to drift pending clearer indications of a US economic recovery that will lift oil demand.
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