NEW YORK, Dec 8 (Reuters) - U.S. crude oil futures rose on Monday, rebounding from Friday's near four-year low on support from a global equities rally, the dollar's slide versus the euro and indications that Saudi Arabia is cutting supply. "Crude and products futures rallied about 5 percent on good volume overnight, lifting to catch up with the late-day rally in equities on Friday and continued strength today for stocks in Asia and Europe," Addison Armstrong, analyst at Tradition Energy, wrote in a research note. Armstrong also cited the euro's rise against the dollar and industry sources saying Saudi Arabia will make additional supply cuts to some Asian and European customers in January. PRICES * On the New York Mercantile Exchange at 9:33 a.m. EST (1433 GMT), January crude CLF9 was up $2.69, or 6.59 percent, at $43.50 a barrel, having traded from $40.81 to $44.16. On Friday, crude futures' intraday bottom was $40.50, the lowest since $40.25 was hit on Dec. 13, 2004. * In London, January Brent crude LCOF9 was up $2.92, or 7.35 percent, at $42.66 a barrel, trading from $40.48 to $43.18. * NYMEX January RBOB RBF9 rose 5.52 cents, or 6.13 percent, to 95.64 cents gallon, trading from 92.38 cents to 97.39 cents, above resistance charted at 94.10 cents. * NYMEX January heating oil HOF9 rose 6.14 cents, or 4.3 percent, to $1.4879 a gallon, trading from $1.4450 to $1.5086, piercing resistance charted at $1.4635. * The heating oil crack spread <0#CL-HO=R> was at $18.93 a barrel, after ending Friday at $19.10. The RBOB crack spread <0#RB-CL=R> was at minus $3.48. It ended Friday at minus $2.96. TECHNICALS NYMEX crude 10-day/20-day moving average: $49.16/$52.92 Technical support/resistance: NYMEX crude: $39.60/$42.80 NYMEX heating oil: $1.4195/$1.4635 NYMEX RBOB: 86.20 cents/94.10 cents MARKET NEWS * Global equities surged with investors taking heart from a likely rescue plan for U.S. automakers, a proposed U.S. jobs plan and more government stimulus measures. The dollar fell against other major currencies apart from the yen. [MKTS/GLOB] * Saudi Arabia will make even bigger supply cuts to some of its Asian and European customers next month, industry sources said on Monday. [ID:nT347752] * U.S. Northeast heating load is expected to average above normal Monday, near to below normal Tuesday, well below normal Wednesday, above normal Thursday, above to well above normal on Friday, according to forecaster DTN Meteorlogix. [ID:nDTN606] * Oil demand in non-OECD countries including China and those in the Middle East remains robust, but 2009 global demand may fall if those economies slow further, the head of the International Energy Agency said on Monday. [ID:nENG000452] * Ecuadorian President Rafael Correa said his country wanted to organize a meeting of OPEC heads of state if talks in Algeria failed to stabilize the oil market, the web site of Iran's Oil Ministry reported. [ID:nDAH846889] (Reporting by Robert Gibbons; editing by Jim Marshall)

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