Singapore, 7 August (Argus) — Nymex crude futures fell in today's after-hours session as the market pondered the outlook for global economic growth.
At 08:30 GMT, the front-month September US crude futures contract was at $71.19/bl, falling by 75¢/bl from its close yesterday when the contract ended 3¢/bl lower.
The Nymex September front-month heating oil futures contract in after-hours trade fell by 1.62¢/USG to $1.9205/USG. Nymex September RBOB gasoline fell by 1.05¢/USG to $2.0502/USG.
Oil markets have been moving in tandem with the equities markets, as expectations of an economic recovery kept oil prices supported despite weak fundamentals.
The market will watch for US employment data, which is due out later today, to get a better indication of economic performance.
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