Singapore, 8 March (Argus) — Nymex crude futures firmed in today's after-hours trade, extending last week's gains as stronger equities markets lifted sentiment.
At 08:30 GMT the front-month Nymex April WTI crude contract was at $81.95/bl, higher by 45¢/bl from its close at the end of last week when the contract ended $1.29/bl higher.
Ice April Brent crude rose by 48¢/bl to $80.37/bl.
Nymex April heating oil rose by 1.06¢/USG to $2.1080/USG, while Nymex April RBOB gasoline rose by 1.85¢/USG to $2.2895/USG.
Signs of an improvement in the US economy have supported oil prices. Crude prices rose late last week as US nonfarm payroll employment showed a less than expected drop and the US dollar depreciated against most major currencies.
Send comments to feedback@argusmedia.com
naa/rjd
Request more information about Argus' energy news, data and analysis services.
Copyright 2010 Argus Media Ltd
