TOKYO, Nov 24 (Reuters) - U.S. crude futures edged lower on
Tuesday although they held above $77 a barrel, with the market
worried about high oil inventories and tepid demand.
FUNDAMENTALS
* NYMEX crude for January delivery <CLc1> was down 23 cents
at $77.33 a barrel by 0009 GMT.
On Monday, it settled up 9 cents at $77.56 after hitting a
high of $79.92 earlier.
* Monday's small gain came after a weak dollar and strong
U.S. housing data lifted expectations for economic growth.
* A Reuters survey of analysts forecast weekly U.S. inventory
data will show a 1.6 million barrel build in crude stocks for the
week to Nov. 20. Product stocks were also seen higher ahead of
the release of the weekly report by the American Petroleum
Institute at 2130 GMT. []
* Winter in the the eastern region of the United States will
be colder than normal this year, private weather forecaster WSI
Corp said on Monday. []
MARKETS NEWS
* U.S. stocks snapped a three-day losing streak on Monday as
stronger-than-expected home sales data fueled optimism while a
weaker dollar boosted commodity-linked stocks. []
* The dollar fell against a basket of currencies on Monday
after comments from a senior Federal Reserve official reinforced
expectations U.S. interest rates would stay low for some time.
[]
DATA/EVENTS
* The following data is expected on Tuesday:
- 0700 GMT--Germany GDP Detailed/Q3
- 1245 GMT--U.S. ICSC (Chain Stores) Report/Weekly
- 1330 GMT--U.S. GDP Preliminary/Q3
- 1355 GMT--U.S. Redbook Retail Sales/Weekly
- 2130 GMT--U.S. API Petroleum Report/Weekly
RELATED NEWS
> WSI sees cold Feb for northern Europe []
> Rising oil price would hurt economic rebound-IEA[]
PRICES
Oil prices as of 0009 GMT
Contract Mnth Price Change Day ago pct MA-20*
NYMEX Contracts
US Crude JAN0 $77.33 -0.23 +$0.09 +0.12% $78.47
Heat Oil DEC9 197.99 +0.00 +0.43 +0.22% 202.88
RBOB DEC9 197.50 -0.44 -0.12 -0.06% 198.38
Natgas DEC9 $4.462 -0.011 +$0.049 +1.11% $4.592
ICE Contracts
Brent JAN0 $77.66 +0.20 +$0.26 +0.34% $77.44
Gasoil DEC9 $610.25 -18.00 +$19.00 +3.12% $627.70
Note: U.S. heating oil and RBOB gasoline contracts listed in
cents per gallon.
* = 20-day moving average for continuation month.
(Reporting by Osamu Tsukimori; Editing by Edwina Gibbs)
((osamu.tsukimori@thomsonreuters.com ; +813 6441 1857; Reuters
Messaging: osamu.tsukimori.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email to
news.feedback.asia@thomsonreuters.com))
RECENT CRUDE OIL TRADES
Asia...[] Europe...[] Americas...[]
CRUDE OIL MARKET NEWS
Crude oil tenders in Asia.........[]
Crude oil supply outages in Asia............[]
Refinery outages in Asia.....[]
Global arbitrage news and flows..[]
W.African crude imports to Asia, monthly........[]
REFINERY MAINTENANCE DIARIES
Asia...[] Middle East...[] Europe...[]
NATIONAL CRUDE IMPORT DATA
Japan..............<METI/JP1> China..............[]
India..............[] S.Korea............[]
Indonesia.......[]
CRUDE OIL INVENTORY DATA
Japan...[] US...[] Europe...[]
CRUDE OIL PRODUCTION/OILFIELD NEWS
OPEC output survey...[] New Asian fields...[]
New Africa fields...[] New Europe fields..[]
New Americas fields..[] New projects.....[]
CRUDE OIL MARKET REPORTS
Middle East...........[] Asia-Pacific........[]
West Africa.........[] North Sea............[]
Asia outlook.......[] Europe outlook.....[]
Global futures report...[] Technicals report......[]
PRICES
For all Official Selling Prices.......[]
For a POLL on oil prices.............[]
NYMEX and ICE oil futures............<OILOIL>
TOCOM crude oil futures..............<0#JCO:>
Dubai, Oman swaps and spread...............<ASIA/SWAP/CRUDE>
Middle East physical crude diffs...............<CRUDE/ASIA2>
Australia physical crude, Tapis swaps..........<CRUDE/ASIA1>
Asia-Pacific physical crude.....<CRUDE/ASIA3>
All Asian crude oil differentials.<0#C-DIF-A>
All Asian crude oil outright prices...<0#C-A>
