Singapore, 30 July (Argus) — Nymex crude futures were marginally lower in today's after-hours session, after falling sharply yesterday in reaction to an unexpected build in US crude stocks.
At 08:30 GMT, the front-month September US crude futures contract was at $63.23/bl, down by 12¢/bl from its close yesterday when the contract ended $3.88/bl lower.
The Nymex August front-month heating oil futures contract in after-hours trade rose by 0.45¢/USG to $1.6758/USG. Nymex August RBOB gasoline prices rose by 0.50¢/USG to $1.86/USG.
The EIA said yesterday that US crude stocks increased by 5.1mn bl in the week to 24 July, defying market expectations of a decline. The EIA also reported a rise of 2.1mn bl in US distillates stocks, which was larger than the market had expected, although gasoline inventories fell by 2.3mn bl.
Send comments to feedback@argusmedia.com
naa/rjd
