Singapore, 4 March (Argus) — Nymex crude futures slipped in today's after-hours trade, but they stayed above $80/bl as the market remained optimistic about the strength of the global economy.
At 08:30 GMT the front-month Nymex April WTI crude contract was at $80.31/bl, falling by 56¢/bl from its close yesterday when the contract ended $1.19/bl higher.
Ice April Brent crude fell by 54¢/bl to $78.71/bl.
Nymex April heating oil fell by 1.67¢/USG to $2.0770/USG, while Nymex April RBOB gasoline fell by 1.42¢/USG to $2.2334/USG.
Oil prices rose yesterday on signs of economic improvement as data showed the US non-manufacturing sector grew in February for the second straight month.
US EIA data yesterday showed a rise of 4.1mn bl in crude inventories for the week ending 26 February and a decline of 900,000 bl in distillates stocks.
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