UPDATE 4-Oil climbs towards $41 after OPEC supply pledge

                                
 * OPEC says willing to cut production further from March
                                
 * Impending U.S. stimulus package supportive
                                
 * Dismal U.S. jobs data still weigh on sentiment
 
 (Recasts, updates throughout)
                                
 By Christopher Johnson
                                
 LONDON, Feb 9 (Reuters) - Oil rose towards $41 a barrel on
Monday after OPEC said it was willing to cut oil output further
if needed to stabilise oil prices.
                                
 The market was also supported by a giant U.S. economic
stimulus package that the administration of U.S. President
Barack Obama is expected to get through Congress this week.
                                
 U.S. crude for March delivery <CLc1> rose 65 cents to $40.82
a barrel by 1323 GMT. London Brent <LCOc1> climbed 83 cents to
$47.04.
                                
 "If we think we still need more action, I'm sure the
conference will take more action to stabilise the market," the
secretary-general of the Organization of Petroleum Exporting
Countries, Abdullah al-Badri, told reporters in London.
                                
 Badri also said the 12-member group appeared to be
implementing promises of production cuts more thoroughly than
expected by some in the oil market with 80 percent compliance.
                                
 OPEC has said it will cut oil supply by 4.2 million barrels
per day (bpd) from its level of production in September in an
attempt to bolster oil prices that have fallen from a record
high of almost $150 a barrel in July.
                                
 Harry Tchilinguirian, oil analyst at BNP Paribas in London,
said the market was also looking ahead to the passage this week
of a massive economic stimulus package to try to revive the U.S.
economy.
                                
 
                                
 STIMULUS
                                
 "The stimulus package is a supportive structural factor," he
said. "It should begin to have an impact on the economy in the
second half of this year and is an underlying element
conditioning sentiment."
                                
 Top aides to President Obama on Sunday urged Democratic and
Republican lawmakers to set aside political differences and
quickly approve the stimulus package this week, as the world's
largest economy suffers from the worst financial crisis in 70
years. [ID:nN08458993]
                                
 Later on Monday, the Democratic-led Senate, with the help of
a handful of Republicans, was due to vote to end debate on the
$827 billion plan to clear the way for its passage on Tuesday.
                                
 Oil prices fell on Friday after news of steep job cuts in
the United States, where nearly 600,000 jobs were slashed last
month, the most severe cut since December 1974 prompting worries
of still weaker demand in the world's biggest oil consumer.
[ID:nN06435445]
                                
 The financial malaise, which first sprang from home loan
defaults in the United States, has swiftly spread to Europe and
Asia, pushing a string of industrialised nations into recession.
                                
 Renewed violence in Nigeria also helped buoy oil prices.
Nigerian militants attacked a gas plant operated by Royal Dutch
Shell <RDSa.L> in the Niger Delta on Saturday and warned of more
attacks to come, but the army said it had repelled the raid and
killed three gunmen. [ID:nL7214715]
 (Additional reporting by Fayen Wong in Perth; editing by James
Jukwey)