Singapore, 10 December (Argus) — Nymex crude futures clawed back some previous losses in today's after-hours, although prices continued to hover around $71/bl on weak demand.
At 07:33 GMT the front-month Nymex January WTI crude contract was at $71.12/bl, rising by 45¢/bl from its close yesterday when the contract ended $1.95/bl lower.
The front-month Ice January Brent crude contract rose by 66¢/bl to $73.05/bl.
Nymex January heating oil rose by 1.49¢/USG to $1.9242/USG, while Nymex January RBOB gasoline rose by 1.62¢/USG to $1.8735/USG.
Oil prices fell yesterday on rising stocks of crude at Cushing, Oklahoma, the delivery point for Nymex WTI.
A rise in US EIA weekly stocks of distillates and gasoline was also seen as bearish, countering the impact of a decline in US crude inventories.
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