Singapore, 26 October (Argus) — Nymex futures fell in today's after-hours trade as a ceasefire announcement by a rebel group in Nigeria eased supply concerns about the west African crude producer.
At 07:29 GMT the front-month Nymex December WTI crude contract stood at $80/bl, down $0.50/bl from the previous session's close.
The Ice December Brent crude contract stood at $78.59/bl, lower by $0.33/bl from its last close.
Nymex November heating oil futures slipped by 0.75¢/USG to $2.0681/USG, while Nymex November RBOB gasoline fell by 1.13¢/USG to $2.0325/USG.
Nigerian rebel group the Movement for the Emancipation of the Niger Delta (Mend) announced an indefinite ceasefire that took effect yesterday, helping ease concerns about the reliability of Nigeria's crude supplies. Mend has been responsible for attacks on Nigerian oil infrastructure since 2006 that have severely disrupted the country's crude exports.
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