NYMEX-Crude rises after marking three-day 7 pct fall

                                
 TOKYO, Aug 13 (Reuters) - U.S. crude futures rose to above
$76 a barrel on Friday, after falling 7 percent in the past
three sessions amid fears of a fragile global recovery and oil
demand.
                                
 FUNDAMENTALS
                                
 * NYMEX crude for September delivery <CLc1> was up 34 cents
at $76.08 a barrel by 0014 GMT, after settling down $2.28 at
$75.74 a day earlier, its lowest settlement in a month.
                                
 Prices hit a session low of $75.52 on Thursday, the lowest
since July 19.
                                
 * Thursday's decline came in tandem with falling U.S. stocks
and a rising dollar after data showed that people filing new
claims for unemployment benefits in the United States
unexpectedly rose in the latest week to its highest level in
close to six months. [ID:nN11227633]
                                
 * Oil inventory data this week fed fears about the state of
consumption in the world's biggest consumer, with a bigger than
expected counter-seasonal rise in gasoline stockpiles in the
midst of the U.S. summer driving season. [EIA/S]
                                
 * Energy data information provider Genscape said on Thursday
that crude inventories at the key Cushing, Oklahoma, delivery
hub rose 126,077 barrels to 39.89 million barrels in the week to
Aug. 10, just shy of a record high 40 million barrels in late
July. [ID:nN12107871]
                                
 MARKETS NEWS
                                
 * U.S. stocks ended down for a third straight day on
Thursday as an unexpected rise in jobless claims and a sobering
revenue outlook from Cisco underscored the hurdles to economic
recovery.
                                
 * The U.S. dollar fought its way higher on the yen in Asia
on Friday following a report Japan's prime minister and the head
of its central bank would meet to discuss ways to deal with the
currency's export-sapping strength. [USD/]
                                
 DATA/EVENTS
                                
 * The following data is expected on Friday:
                                
 - Australia ABARE Wheat supply, exports Jul     0000GMT
                                
 - Germany   GDP flash yy      Q2   <DEGDFY=ECI> 0600GMT
                                
 - EZ        Eurostat trade, EUR Jun<EUTBAL=ECI> 0900GMT
                                
 - OPEC      OPEC Monthly Report Aug    [OPEC/M] 1000GMT
                                
 - India     M3 Money Supply        <INM3MS=ECI> 1130GMT
                                
 - U.S.      Consumer prices yy Jun  <USCPI=ECI> 1230GMT
                                
 - U.S.      Real earnings     Jul  <USEARN=ECI> 1230GMT
                                
 - U.S.      Retail sales      Jul   <USRSL=ECI> 1230GMT
                                
 - U.S. Michigan sentiment index Aug-P <USMN=ECI>1355GMT
                                
 - U.S. Business Inventories mm May <USBINV=ECI> 1400GMT
                                
 - U.S.      ECRI index        Wkly <USECRI=ECI> 1430GMT
                                
 - USDA      Oil Crops Outlook                   2000GMT
                                
 - USDA      Rice Outlook                        2000GMT
                                
 - U.S.      Cleveland Fed CPI Jul  <USCCPI=ECI> TBA
                                
 RELATED NEWS
> Brazil halts Petrobras oil platform, cites safety [nN12138879]
                                
 PRICES
 Oil prices as of 0014 GMT          
 Contract Mnth    Price  Change  Day ago     pct     MA-20*
 NYMEX Contracts
 US Crude SEP0   $76.08   +0.34   -$2.28  -2.92%     $79.01
 Heat Oil SEP0   200.93   +0.00    -7.37  -3.55%     207.60
 RBOB     SEP0   196.16   +0.00    -4.28  -2.14%     209.65
 Natgas   SEP0   $4.284  -0.012  -$0.030  -0.69%     $4.577
 ICE Contracts
 Brent    SEP0   $75.80   +0.28   -$2.12  -2.73%     $78.23
 Gasoil   SEP0  $641.00   -7.00  -$11.00  -1.67%    $659.75
 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 Joseph Radford)