Singapore, 9 March (Argus) — Nymex crude prices were weaker in today's after-hours trade, on expectations of higher US inventories.
At 08:30 GMT the front-month Nymex April WTI crude contract was at $81.27/bl, falling by 60¢/bl from its close at the end of yesterday when the contract ended 37¢/bl higher.
Ice April Brent crude fell by 65¢/bl to $79.82/bl.
Nymex April heating oil fell by 1.23¢/USG to $2.0932/USG, while Nymex April RBOB gasoline fell by 2.25¢/USG to $2.2667/USG.
US stocks data this week are expected to show an increase in crude stocks, while distillates inventories are tipped to fall. Industry group the American Petroleum Institute will release its stocks report later today.
Send comments to feedback@argusmedia.com
naa/rjd
Request more information about Argus' energy news, data and analysis services.
Copyright 2010 Argus Media Ltd
