Singapore, 24 March (Argus) — Nymex crude futures fell in today's after-hours session, reacting to American Petroleum Institute (API) data that showed a large increase in crude stocks.
At 08:30 GMT the front-month Nymex May WTI crude contract was at $81.14/bl, lower by 77¢/bl from its close yesterday when the contract ended 31¢/bl higher.
Ice May Brent crude fell by 74¢/bl to $79.96/bl.
Nymex April heating oil fell by 1.68¢/USG to $2.0850/USG, while Nymex April RBOB gasoline fell by 2.23¢/USG to $2.2405/USG.
The API report, released after the regular market's close yesterday, showed US crude stocks surged by 7.5mn bl in the week to 19 March. US distillates stocks fell by 2.5mn bl in the same week as refinery utilisation rates dipped, according to the API.
Data from the US EIA due out later today will be watched closely for further price direction.
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