Singapore, 25 March (Argus) — Nymex crude prices stabilised at just above $80/bl in today's after-hours trade, after falling sharply yesterday amid higher US crude stocks.
At 08:30 GMT the front-month Nymex May WTI was at $80.63/bl, higher by 2¢/bl from its close yesterday when the contract ended $1.30/bl lower.
Ice May Brent crude fell by 2¢/bl to $79.60/bl.
Nymex April heating oil rose by 0.26¢/USG to $2.0733/USG, while Nymex April RBOB gasoline rose by 0.63¢/USG to $2.2275/USG.
Nymex crude futures fell yesterday as US EIA data showed a large increase of 7.3mn bl in weekly crude stocks. Refined product prices were supported as EIA data showed declines of 2.7mn bl in US gasoline inventories and a fall of 2.4mn in distillates stocks.
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