* World stocks down one percent on U.S. economic worries * Euro falls to 5-week low after dovish c.banker comments * Coming up: CFTC positions data, 3:30 p.m. EDT Friday NEW YORK, Aug 20 (Reuters) - U.S. crude oil futures fell Friday as worries about a stalling economic recovery weighed on equities markets and pulled oil lower. The dollar's strength, especially against the euro, helped pressure oil prices as the U.S. front-month September crude contract approached its expiration at the end of Friday's open-outcry session on the New York Mercantile Exchange. FUNDAMENTALS * On NYMEX, expiring September crude CLU0 fell 93 cents, or 1.3 percent, to $73.50 a barrel by 8:35 a.m. EDT (1235 GMT), trading from $73.24 to $74.60. That $73.24 intraday low was the lowest front-month crude futures price since prices fell to $71.44 on July 7. * NYMEX October crude CLV0 fell 87 cents, 1.2 percent, to $73.90 a barrel, trading from $73.52 to $74.99. * A low pressure system southwest of the Cape Verde Islands strengthened overnight and has a medium, 40 percent, chance of developing into a tropical depression over the next 48 hours, the U.S. National Hurricane Center said Friday. The next named storm will be called Danielle. [ID:nN20117323] * BP's (BP.L) oil spill in the Gulf of Mexico will probably delay the awarding of licenses offshore Norway, the chief of Norway's Petroleum Directorate told Reuters. [ID:nOSN004643] MARKET NEWS * U.S. stock index futures fell, tracking global equity markets lower as weaker-than-expected economic data reinforced fears of a faltering recovery. [.N] * Global shares dropped on U.S. economic jitters. The euro fell against the dollar on expectations European monetary policy will stay loose for months. [MKTS/GLOB] [FRX/] * Gold priced in euros rose as the single currency retreated from the dollar. Gold priced in dollars held above $1,230 an ounce as it took a safe-haven luster. [GOL/] UPCOMING DATA/EVENTS * Economic Cycle Research Institute releases its weekly index of economic activity for week to Aug. 13. 10:30 a.m. EDT (1430 GMT). In the prior week, index read 122.4. * NYMEX September crude oil futures expire on Friday. * Commodities Futures Trading Commission positions data released at 3:30 p.m. EDT (1930 GMT) on Friday. 8:35 LAST NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL CLc1 73.50 -0.93 -1.3% 73.24 74.60 4,489 247,104 CLc2 73.90 -0.87 -1.2% 73.52 74.99 52,207 274,746 LCOc1 74.56 -0.74 -1.0% 74.17 75.77 55,048 146,843 RBc1 1.9162 -0.0125 -0.7% 1.9085 1.9374 1,676 39,292 RBc2 1.8610 -0.0155 -0.8% 1.8544 1.8850 3,094 35,881 HOc1 1.9874 -0.0133 -0.7% 1.9771 2.0181 2,379 47,273 HOc2 2.0097 -0.0138 -0.7% 1.9995 2.0336 2,447 28,072 * NYMEX crude oil for September CLc1 fell 93 cents to $73.50 a barrel by 8:35 a.m. in volume of 4,489 lots. (Reporting by Robert Gibbons; Editing by John Picinich)

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