Singapore, 6 January (Argus) — Nymex crude futures were lower in today's after-hours session after American Petroleum Institute (API) data showed an unexpected rise in distillates stocks.
At 08:30 GMT the front-month Nymex February WTI crude contract was at $81.66/bl, falling by 11¢/bl from the close yesterday when the contract ended 26¢/bl higher.
The Ice February Brent crude contract fell by 11¢/bl to $80.50/bl.
Nymex February heating oil fell by 1.03¢/USG to $2.1838/USG, while Nymex February RBOB gasoline fell by 1.43¢/USG to $2.1107/USG.
The API data, released late yesterday, showed a rise of 962,000 bl in total US distillates stocks last week when the market had expected a decline. But the API data showed a decline of 2.3mn bl in crude stocks, while gasoline inventories rose by 5.6mn bl.
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