Singapore, 25 September (Argus) — Nymex crude futures rose slightly in today's after-hours trade, rebounding from its lowest level in around two months.
At 07:50 GMT the front-month Nymex October WTI crude contract stood at $66.32/bl, up slightly by $0.43/bl from yesterday's close.
The Ice November Brent crude contract stood at $65.35/bl, up slightly by $0.53/bl from its previous close.
Nymex October heating oil rose by 1.73¢/USG to reach $1.6987/USG. Nymex October RBOB gasoline inched up by 0.05¢/USG to reach $1.6371/USG.
Weak fundamentals that pushed Nymex crude futures to the two-month lows remain. US crude, middle distillate and gasoline stocks are at higher levels than expected by the market. US home sales also suffered nearly a 3pc drop in August, suggesting that the US economic recovery may be more fragile than anticipated.
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