Singapore, 1 March (Argus) — Nymex crude futures firmed in today's after-hours trade, supported by stronger Asian equities markets.
At 08:41 GMT the front-month Nymex April WTI crude contract was at $80.37/bl, rising by 71¢/bl from its close at the end of last week when the contract ended $1.49/bl higher.
Ice April Brent crude rose by 65¢/bl to $78.24/bl.
Nymex April heating oil rose by 2.26¢/USG to $2.0579/USG, while Nymex April RBOB gasoline rose by 1.81¢/USG to $2.2060/USG.
The oil markets were supported at the end of last week with US data for the fourth quarter showing the country, the world's largest oil consumer, saw its GDP grew faster than previously expected.
Also adding to the market's bullish mood was reports quoting Iran that it could cut off energy supplies to Europe if it wanted to, as tensions rise over its nuclear programme.
Send comments to feedback@argusmedia.com
naa/rjd
Request more information about Argus' energy news, data and analysis services.
Copyright 2010 Argus Media Ltd
