RPT-UPDATE 9-Oil jumps 3 pct as U.S. data lifts economic outlook

                                
 (Repeats to fix typo, no other changes to text or headline)
                                
 * Analysts forecast build in U.S. distillate stocks
                                
 * OPEC leaves 2010 oil demand forecast unchanged.
                                
 * Fed Chief Bernanke says U.S. recession 'likely over'
 (Recasts, updates prices, market activity to settlement; adds
Canadian oil sands shutdown)
                                
 NEW YORK, Sept 15 (Reuters) - Oil prices jumped 3 percent
to top $71 a barrel on Tuesday after data showing gains in U.S.
retail sales and producer prices outweighed concerns about
growing U.S. distillate inventories.
                                
 U.S. retail sales rose at the fastest pace in 3-1/2 years
in August and New York State manufacturing activity hit a near
two-year high, data showed, more signs that economic activity
was improving. [ID:nN15548319]
                                
 A separate report showed prices received by U.S. producers
rose faster than expected last month.
                                
 U.S. crude for October delivery <CLc1> settled up $2.07 at
$70.93. October Brent <LCOc1> -- which was pressured ahead of
the contract's expiration Tuesday -- fell 9 cents to $67.35 a
barrel.
                                
 Traders have been looking to equities markets and wider
economic data for signs of a turnaround that could bolster
flagging oil demand.
                                
 Federal Reserve Chairman Ben Bernanke said the worst U.S.
recession since the Great Depression was probably over, but the
recovery would be slow and it would take time to create new
jobs. [ID:nN1523355]
                                
 "Once the S&P (500 index) firmed and when Bernanke said
recession was near an end it seemed to send crude back up above
$70," said Gene McGillian, analyst at Tradition Energy in
Stamford, Connecticut.
                                
 The Organization of the Petroleum Exporting Countries said
signs of a rebound in the world economy appeared to be
gathering but that the recovery would be gradual.
[ID:nLAE000060]
                                
 Futher support came after environmental protests forced
production to be suspended at a 155,000 barrel per day oil
sands mine in Canada, in which Royal Dutch Shell Plc <RDSa.L>
has a 60 percent stake. [ID:nN1552345]
                                
 U.S. INVENTORIES
                                
 Expectations U.S. inventory data will show another build in
distillate stocks as the world's top consumer begins to gear up
for winter helped limit gains.
                                
 Analysts forecast data from the American Petroleum
Institute due out later on Tuesday and Energy Information
Administration on Wednesday will show a 1.5 million-barrel
increase in distillates last week. [EIA/S]
                                
 "There is a concern about inventory building," Christophe
Barret, analyst with Calyon, told Reuters Television.
                                
 "The amount of gasoil in storage will put some pressure on
crude prices in the coming weeks," Barret said.
                                
 Gasoline stocks were seen up by 800,000 barrels, while
crude stocks were seen down by 2.7 million barrels.
 (Reporting by Matthew Robinson, Robert Gibbons and Gene Ramos
in New York, Catherine Bosley and Jane Grieve in London and
Sambit Mohanty in Singapore; Editing by David Gregorio)