PERTH, Nov 23 (Reuters) - Crude prices rose toward $78 a
barrel on Monday amid heightened tensions between Iran and
Western nations, after Tehran said it would begin war games to
help protect its nuclear facilities.
FUNDAMENTALS
* NYMEX crude for January delivery rose 42 cents to $77.89
a barrel by 2359 GMT. The December contract, which expired on
Friday, settled down 74 cents at $76.72 a barrel, weighed down
by a stronger dollar and concerns about the energy demand
outlook.
* Iran's military said it would begin large-scale air
defence drills on Sunday, and a cleric in the Revolutionary
Guards warned the Islamic Republic would fire missiles at "the
heart of Tel Aviv" if attacked. []
* Iran's OPEC governor said the crude market was in balance
and oil supply and demand were close to each other, the Jam-e
Jam newspaper reported on Sunday. []
* Money managers boosted net long crude oil positions on
the New York Mercantile Exchange in the week through Nov. 17,
the Commodity Futures Trading Commission said in a report on
Friday. []
MARKETS NEWS
* The U.S. dollar inched higher on Monday, extending a
short-covering bounce as investors pared risk trades in a
holiday-thinned week. []
* U.S. stocks could sputter next week as volumes dry up in
holiday-shortened trading and with a slew of economic reports
likely to illustrate that the recovery is still fragile.
[]
* U.S. stocks fell for a third straight day on Friday as
investors took weaker-than-expected results from computer maker
Dell <DELL.O> and homebuilder D.R. Horton <DHI.N> as a further
sign the recovery would be anemic. []
DATA/EVENTS
* The following data is expected on Monday:
-- Chicago Fed Index/Oct (1330 GMT)
-- Existing Home Sales/Oct (1500 GMT)
RELATED NEWS > Oil slips 1 percent on dollar rise
[] > Global stocks slip, dollar gains
[] > Commods mixed on dollar strength vs
investment []
PRICES
Oil prices as of 0001 GMT
Contract Mnth Price Change Day ago pct MA-20*
NYMEX Contracts
US Crude JAN0 $77.88 +0.41 -$0.58 -0.74% $78.53
Heat Oil DEC9 198.14 +0.58 -2.08 -1.04% 203.15
RBOB DEC9 199.00 +0.94 +1.11 +0.56% 198.65
Natgas DEC9 $4.514 +0.090 +$0.082 +1.89% $4.594
ICE Contracts
Brent JAN0 $77.60 +0.40 -$0.44 -0.57% $77.43
#VALUE!
Note: U.S. heating oil and RBOB gasoline contracts listed in
cents per gallon.
* = 20-day moving average for continuation month.
(Reporting by Fayen Wong; Editing by Clarence Fernandez)
((fayen.wong@thomsonreuters.com; +618 9456 1947; Reuters
Messaging: fayen.wong.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email
to news.feedback.asia@thomsonreuters.com))
RECENT CRUDE OIL TRADES
Asia...[] Europe...[] Americas...[]
CRUDE OIL MARKET NEWS
Crude oil tenders in Asia.........[]
Crude oil supply outages in
Asia............[]
Refinery outages in Asia.....[]
Global arbitrage news and flows..[]
W.African crude imports to Asia,
monthly........[]
REFINERY MAINTENANCE DIARIES
Asia...[] Middle East...[] Europe...[]
NATIONAL CRUDE IMPORT DATA
Japan..............<METI/JP1>
China..............[]
India..............[]
S.Korea............[]
Indonesia.......[]
CRUDE OIL INVENTORY DATA
Japan...[] US...[] Europe...[]
CRUDE OIL PRODUCTION/OILFIELD NEWS
OPEC output survey...[] New Asian
fields...[]
New Africa fields...[] New Europe
fields..[]
New Americas fields..[] New
projects.....[]
CRUDE OIL MARKET REPORTS
Middle East...........[] Asia-Pacific........[]
West Africa.........[] North
Sea............[]
Asia outlook.......[] Europe
outlook.....[]
Global futures report...[] Technicals
report......[]
PRICES
For all Official Selling Prices.......[]
For a POLL on oil prices.............[]
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>
