Singapore, 18 February (Argus) — Nymex crude futures fell in today's after-hours trade, as a rise in US distillates stocks reported by the American Petroleum Institute (API) weighed on the market.
At 08:30 GMT the front-month Nymex March WTI crude contract was at $76.38/bl, falling by 95¢/bl from its close yesterday when the contract ended 32¢/bl higher.
Ice April Brent crude fell by 95¢/bl to $75.32/bl.
Nymex March heating oil fell by 2.57¢/USG to $1.9810/USG, while Nymex March RBOB gasoline fell by 2.13¢/USG to $1.9858/USG.
The API data, released after the New York market's close yesterday, showed a small decline in crude stocks. But the market focused on API distillates stocks, which rose by 1.3mn bl when the market had predicted a stock decline.
The market will be keenly eyeing US EIA data being released later today to see if it confirms the US distillates stockbuild trend.
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