Nymex crude futures fell below $78/bl in today's after-hours session, as concerns resurfaced about US oil demand recovery.
At 08:30 GMT the front-month Nymex April WTI crude contract was at $77.94/bl, down by 23¢/bl from its close yesterday when the contract ended $1.83/bl lower.
Ice April Brent crude fell by 29¢/bl to $76/bl.
Nymex March heating oil fell by 0.37¢/USG to $1.9825/USG, while Nymex March RBOB gasoline was higher by 0.54¢/USG to $2.0424/USG.
Oil prices were pulled lower yesterday as US data showing a drop in sales of US newly built single family homes and a rise in US jobless claims stirred new concerns about the true pace of economic recovery in the world's largest oil consumer.
More US economic data on the way, such as indications of February consumer sentiment and fourth-quarter GDP figures, will be also watched by oil markets for indications of the strength of the country's economy.
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