NYMEX-Crude pares gains to below $49/bbl after data

                                
 TOKYO, April 1 (Reuters) - U.S. crude futures fell more
than $1 below $49 a barrel on Wednesday, paring Tuesday's 2.6
percent gain, after the American Petroleum Institute's
inventory report showed a larger-than-expected build in
domestic crude stocks.
                                
 FUNDAMENTALS
                                
 * Crude futures settled up $1.25 a barrel at $49.66 on
Tuesday, rallying with Wall Street which was headed for its
best month in six years, overcoming earlier anxieties over
gloomy housing data.
                                
 * U.S. government inventory data to be released later in
the day is expected to show a 2.5 million barrel increase in
crude oil stockpiles that have already swelled to their highest
since 1993. [EIA/S]
                                
 Gasoline stocks probably fell 1.4 million barrels and
distillate stocks declined 800,000 barrels.
                                
 * Industry group the American Petroleum Institute released
on Tuesday showed a 3.3-million-barrel increase in crude
stockpiles. [API/S]
                                
 MARKETS NEWS
                                
 * The dollar rose to a more-than-three-week high against
the yen as gains in stock markets worldwide and weak economic
data out of Japan curbed safe-haven flows into the Japanese
currency. [USD/]
                                
 DATA/EVENTS
                                
 * The following data is expected on Wednesday:
                                
 - Japan industry weekly oil data --0300 GMT
                                
 - U.S. EIA oil data --1430 GMT
                                
 - U.S. Car/Truck Sales for March -- no time set
                                
 RELATED NEWS > Top commods indexes cut losses in first
quarter [ID:nN31515007] > US crude stocks up on more
imports-API         [ID:nN31440479] > GLOBAL MARKETS-Stocks,oil
gain despite dour data[ID:nN31614293]
                                
PRICES
  Oil prices as of 0003 GMT         
 Contract Mnth    Price  Change  Day ago     pct     MA-20*
 NYMEX Contracts
 US Crude MAY9   $48.75   -0.91   +$1.25  +2.58%     $48.38
 Heat Oil MAY9   134.90   -1.89    +1.83  +1.36%     129.69
 RBOB     MAY9   140.25   -1.88    +2.75  +1.97%     139.32
 Natgas   MAY9   $3.789  +0.013  +$0.037  +0.99%     $4.006
 ICE Contracts
 Brent    MAY9       --   +0.00   +$1.24  +2.58%     $47.59
 Gasoil   APR9       --   +0.00  -$19.25  -4.38%    $408.18
 Note: U.S. heating oil and RBOB gasoline contracts listed in
cents per gallon.
 * = 20-day moving average for continuation month.
                                
 RECENT CRUDE OIL TRADES
                                
 Asia...[ACRU/T]      Europe...[CRU/T]   Americas...[CRU/TU]
                                
                    CRUDE OIL MARKET NEWS
                                
 Crude oil tenders in Asia........[CRU/TENDA]
                                
 Crude oil supply outages in
Asia............[CRU/OUT-ASIA-O]
                                
 Refinery outages in Asia....[REF/OUT-ASIA-O]
                                
 Global arbitrage news and flows.[O/CRUDEARB]
                                
 W.African crude imports to Asia,
monthly........[O/WAFRICA1]
                                
                 REFINERY MAINTENANCE DIARIES
                                
 Asia...[REF/A]     Middle East...[REF/ME]  Europe...[REF/E]
                                
                    NATIONAL CRUDE IMPORT DATA
                                
 Japan..............<METI/JP1> 
China..............[O/CHINA1]
                                
 India..............[O/INDIA2] 
S.Korea............[O/KOREA1]
                                
 Indonesia.......[O/INDO1-CRU]
                                
                    CRUDE OIL INVENTORY DATA
                                
 Japan...[O/JAPAN1]     US...[EIA/S]    Europe...[O/EUROIL1]
                                
                 CRUDE OIL PRODUCTION/OILFIELD NEWS
                                
 OPEC output survey...[OPEC/O]   New Asian
fields...[ASIA/NEW]
                                
 New Africa fields...[AFR/NEW]   New Europe
fields..[NSEA/NEW]
                                
 New Americas fields..[AM/NEW]   New
projects.....[ENERGY/NEW]
                                
                    CRUDE OIL MARKET REPORTS
                                
 Middle East...........[CRU/M]  Asia-Pacific........[CRU/AP]
                                
 West Africa.........[CRU/WAF]   North
Sea............[CRU/E]
                                
 Asia outlook.......[ASIA/CRU]   Europe
outlook.....[EUR/CRU]
                                
 Global futures report...[O/R]   Technicals
report......[O/I]
                                
                         PRICES
                                
 For all Official Selling Prices......[OSP/O]
                                
 For a POLL on oil prices............[O/POLL]
                                
 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>