NEW YORK NEW YORK, Oct 27 (Reuters) - U.S. crude futures fell on Monday in choppy trading as recession concerns continued to fuel worry about falling oil demand as global equities markets remained under pressure. Crude oil stayed pressured despite Friday's OPEC agreement to cut production by 1.5 million barrels per day. 'Crude and products futures are lower overnight, shrugging off Friday's production cut by OPEC and once again following plunging global equities markets,' Addison Armstrong, analyst at Tradition Energy, wrote in a research note. 'So with prices and open interest falling and expectations that demand will continue to contract, there is very little of positive import to relate about the oil markets, with one possible exception,' John Kilduff, senior vice president at MF Global, wrote in a note. 'As home heating oil and gasoline prices fall, it may provide some respite to consumers and get them to reopen their wallets a bit sooner than might be expected.' PRICES * On the New York Mercantile Exchange at 9:50 a.m. EDT (1350 GMT), December crude was down 94 cents or 1.47 percent at $63.21 a barrel, trading from $61.30 to $64.96. That intraday bottom was the weakest since $60.68 was struck on May 9, 2007. * In London, December Brent fell $1.11 or 1.79 percent to $60.94 a barrel, trading from $59.02 to $62.53. NYMEX November refined products contracts expire Friday. * NYMEX November RBOB fell 0.84 cent or 0.57 percent to $1.4695 a gallon, trading from $1.4230 to $1.4954. * NYMEX November heating oil fell 2.82 cents or 1.45 percent to $1.9183 a gallon, trading $1.8923 to $1.9650. * The December heating oil crack spread was at $18.74 a barrel, and the RBOB crack spread was in negative territory at minus $2.84. TECHNICALS NYMEX crude 10-day/20-day moving average: $70.13/$80.03 Technical support/resistance: NYMEX crude: $59.85/$66.10 NYMEX heating oil: $1.8075/$2.1775 NYMEX RBOB: $1.3125/$1.6390 For a report on oil market technicals click MARKET NEWS * The U.S. average retail gasoline price fell more steeply than ever over the last two weeks, according to the latest nationwide Lundberg survey. * Investor fears that further possible coordinated action to calm markets will not be enough to fend off a global recession sent shares from London to Tokyo reeling Monday. * OPEC will cut output further if Friday's cut does not stabilize the market, Iran's OPEC Governor Mohammad Ali Khatibi said in remarks published on Monday. * Asian oil refiners said on Monday they had not yet received notice of curbs on Gulf crude shipments after last week's OPEC agreement to cut output, but most refiners were bracing for a likely 5 percent supply reduction. * China's apparent oil demand rose by just over 2 percent in September, the slowest growth in 10 months. * Algeria's state oil company set the November official price for Sahara Blend crude oil at dated Brent plus $1.35 a barrel, a 20-cent stronger differential from October. (Reporting by Robert Gibbons; Editing by John Picinich) Keywords: MARKETS ENERGY NYMEX Chuck Mikolajczak cm

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