Builds in US product stocks pressure NYMEX complex

摘要

New York-New York Mercantile Exchange January crude futures on December 9 fell $1.95 to settle at $70.67/barrel in a product-led sell-off triggered by inventory builds in the US reported by the federal Energy Information Administration. NYMEX January RBOB settled 6.73 cents lower at $1.8573/gal while January heating oil plunged 8.16 cents to settle at $1.9093/gal. The February Gulf Coast sour crude contract settled down $2.42 at $71.53/b.