Singapore, 16 March (Argus) — Nymex crude futures eased lower in today's after-hours trade on concerns China may tighten its monetary policy, which could dampen its economic growth and oil demand.
At 08:30 GMT the front-month Nymex April WTI crude contract was at $79.54/bl, lower by 26¢/bl from its close yesterday when the contract ended $1.44/bl lower.
Ice April Brent crude fell by 41¢/bl to $77.48/bl.
Nymex April heating oil fell by 0.66¢/USG to $2.0510/USG, while Nymex April RBOB gasoline fell by 0.28¢/USG to $2.22/USG.
Opec is meeting tomorrow but indications are that the group will not be making any changes to its output policy, with it comfortable with current prices.
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