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Oil market update: Nymex lifted by US hurricane fears

  • : Biofuels, Biomass, Coal, Corporate, Crude oil, Electricity, Emissions, Freight, Fundamentals, LPG, Natural gas, Oil products, Petroleum coke, Politics
  • 09/08/18

Singapore, 18 August (Argus) — Nymex crude futures were higher in today's after-hours session, recouping yesterday's losses amid firmer equities markets and concerns about Hurricane Bill gaining strength in the Atlantic.

At 08:30 GMT, the front-month September US crude futures contract was at $67.41/bl, higher by 66¢/bl from its close yesterday when the contract ended 77¢/bl lower.

The Nymex September front-month heating oil futures contract in after-hours trade rose by 0.25¢/USG to $1.8290/USG. Nymex September RBOB gasoline fell by 0.04¢/USG to $1.9511/USG.

The market is watching the track of Hurricane Bill to see if it will threaten oil infrastructure in the US Gulf of Mexico.

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