NYMEX-Crude up over $74 after fall from U.S. data

                                
 TOKYO, June 14 (Reuters) - U.S. crude futures rose above
$74 a barrel on Monday, reversing some of its loses from Friday
when lingering concerns about economic recovery in the world's
top oil consumer nation caused prices to fall.
                                
 FUNDAMENTALS
                                
 * NYMEX crude for July delivery <CLc1> was up 52 cents at
$74.30 a barrel by 2207 GMT, after falling $1.70 on Friday,
when disappointing retail sales overshadowed a report of
improved consumer mood, underlining the shaky pace of economic
recovery. [ID:nSGE65A07B]
                                
 * Sales at U.S. retailers unexpectedly fell in May for the
first time in eight months, data showed on Friday, but a jump
in consumer sentiment to a near two-year high in early June
tempered some fears of a slowing economic recovery.
[ID:nN11114277]
                                
 * Money managers raised net crude oil long positions on the
New York Mercantile Exchange to 67,643 in the week through June
8, Commodity Futures Trading Commission data showed on Friday.
[ID:nN11606129]
                                
 MARKETS NEWS
                                
 * U.S. stocks rose in a late rally on Friday as a strong
forecast from a chip maker lifted tech shares and helped
alleviate concerns about the economy's health after an
unexpected drop in retail sales. [.N]
                                
 * The dollar rose against the yen and euro on Friday when
statistics showing improvement in U.S. consumer sentiment
suggested the U.S. economic recovery remains on track. [FRX/]
                                
 * The Reuters-Jefferies CRB index <.CRB>, a commodities
bellwether that tracks prices across 19 futures markets, edged
up 0.3 percent on Friday, after a broad rally in agricultural
futures and copper offset the fall in oil prices. [COM/WRAP]
                                
 DATA/EVENTS
                                
 * The following data is expected on Monday:
                                
 -- Markets Holiday in Australia
                                
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 PRICES
 Oil prices as of 2207 GMT       
 Contract Mnth    Price  Change  Day ago     pct     MA-20*
 NYMEX Contracts
 US Crude JUL0   $74.30   +0.52   -$1.70  -2.25%     $71.83
 Heat Oil JUL0   201.90   +1.37    -2.75  -1.35%     196.88
 RBOB     JUL0   205.53   +0.56    -2.08  -1.00%     201.59
 Natgas   JUL0   $4.861  +0.080  +$0.134  +2.88%     $4.410
 ICE Contracts
 Brent    JUL0   $74.59   +0.24   -$0.94  -1.25%     $73.24
 Gasoil   JUL0  $643.25   +3.50   -$8.75  -1.35%    $626.24
 Note: U.S. heating oil and RBOB gasoline contracts listed in
cents per gallon.
 * = 20-day moving average for continuation month.
 (Reporting by James Topham; Editing by Marguerita Choy)