TOKYO, Dec 1 (Reuters) - U.S. crude futures held steady above
$77 a barrel on Tuesday after recovering some ground a day
earlier that had been lost last week on concerns over debt-laden
Dubai.
FUNDAMENTALS
* NYMEX crude for January delivery <CLc1> was down 1 cent at
$77.27 a barrel by 0005 GMT, after settling up $1.23 or 1.6
percent at $77.28 on Monday helped by a weak dollar.
* Monday's gains got support from Iran's announcement on
Sunday that it planned to build 10 uranium enrichment plants and
news late on Monday that Iran had restructured its naval forces
for operations in the Persian Gulf in the event of a conflict.
[]
* Crude also got support after five Britons have been
detained in Iran after their racing yacht strayed into Iranian
waters, British Foreign Secretary David Milliband said on Monday,
stoking fears of a possible diplomatic dispute between the two
countries. []
* U.S. crude oil stockpiles likely were little changed last
week as higher imports offset gains in refinery utilisation, a
preliminary Reuters poll of analysts showed.
Distillate stocks were seen down 400,000 barrels, while
gasoline stocks were expected to rise by 900,000 barrels, the
poll showed ahead of the weekly American Petroleum Institute's
report later in the day.
MARKETS NEWS
* U.S. stocks rose on Monday, helping the Dow post its fifth
straight monthly gain, on hopes that possible fallout from
Dubai's debt woes will be contained.
Shortly before the market closed, Dubai's largest company
said its planned restructuring of some units involved $26 billion
in debt, easing some concerns about the size of Dubai's financial
problems. For details, see [] []
* The dollar fell broadly on Monday after a pledge to support
Dubai's banks eased investors' concerns about the Arab emirate's
debt problems, wiping out a safety bid for the greenback and
driving it down against a currency basket for a fifth straight
month. []
DATA/EVENTS
* The following data is expected on Monday:
- 1000 GMT--Euro Zone Unemployment Rate/Oct
- 1245 GMT--U.S. ICSC/GS (Chain Store Sales)Report/Wkly
- 1355 GMT--U.S. Redbook Retail Sales/Wkly
- 1500 GMT--U.S. Construction Spending/Oct
- 1500 GMT--U.S. ISM Manufacturing Index/Nov
- 1500 GMT--U.S. Pending Home Sales/Oct
- No set time: U.S. Domestic Car/Truck Sales/Nov
- 2130 GMT--American Petroleum Institute Report/Wkly
RELATED NEWS
> BP says pipeline leak may hit Alaskan oil output []
> Sunoco: Marcus Hook back to normal after snag []
> Money managers cut NYMEX crude longs-CFTC []
PRICES
Oil prices as of 0005 GMT
Contract Mnth Price Change Day ago pct MA-20*
NYMEX Contracts
US Crude JAN0 $77.27 -0.01 +$1.23 +1.62% $78.13
Heat Oil JAN0 204.80 +0.01 +3.83 +1.91% 201.86
RBOB JAN0 201.55 +0.40 +5.67 +2.90% 197.31
Natgas JAN0 $4.838 -0.010 -$0.344 -6.63% $4.639
ICE Contracts
Brent JAN0 -- +0.00 +$1.29 +1.67% $77.54
Gasoil DEC9 -- +0.00 +$9.25 +1.53% $622.33
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 Edwina Gibbs)
((osamu.tsukimori@thomsonreuters.com ; +813 6441 1857; Reuters
Messaging: osamu.tsukimori.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>
