Singapore, 11 February (Argus) — Nymex crude futures rose in today's after-hours trade, on expectations of stronger demand as the US experiences significantly colder weather.
At 10:15 GMT the front-month Nymex March WTI crude contract was at $74.85/bl, higher by 33¢/bl from its close yesterday when the contract closed 77¢/bl higher.
The Ice March Brent crude contract rose by 35¢/bl to $72.89/bl.
Nymex March heating oil rose by 1.18¢/USG to $1.9587/USG, while Nymex March RBOB gasoline rose by 0.55¢/USG at $1.9345/USG.
A weaker US dollar and a stronger 2010 oil demand outlook by the US EIA also underpinned the market, ahead of the release of the EIA stocks data tomorrow. The EIA data, usually released on a Wednesday, has been delayed because of snow storms in the US.
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