Singapore, 27 January (Argus) — Nymex crude prices were marginally lower in today's after-hours session, seeking direction from US EIA weekly stocks data.
At 08:30 GMT the front-month Nymex March WTI crude contract was at $74.45/bl, falling by 26¢/bl from its close yesterday where the contract ended 55¢/bl lower.
The Ice March Brent crude contract fell by 33¢/bl to $72.96/bl.
Nymex February heating oil fell by 0.38¢/USG to $1.9470/USG, while Nymex February RBOB gasoline fell by 0.04¢/USG to $1.9670/USG.
US EIA data will be released later today and are expected to show a rise in crude stocks and a decline in distillates stocks.
American Petroleum Institute (API) data released late yesterday showed a surprise decline of 2.2mn bl in crude stocks, which prevented oil prices from falling further. The API data also showed a fall of 2mn bl in distillates stocks and a rise of 916,000 bl in gasoline inventories.
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