RTRS: NYMEX-Crude slips on inventory rise, economy worry
* Rising US oil inventories pressure prices
* Dollar strength, equities slip, also pressure
* COMING UP: EIA natgas storage data, 10:30 a.m. EDT
NEW YORK, Sept 23 (Reuters) - U.S. crude oil futures prices fell
Thursday, pressured by weak European economic data a day after a government
report showed rising U.S. oil inventories.
A survey of purchasing managers showed growth in the euro zone slowed
in September. [ID:nSLANKE6DL]
U.S. oil demand stayed sluggish and crude oil stockpiles rose last week
despite expectations that a shut pipeline carrying Canadian crude to the
United States would curb imports, a report on Wednesday from the U.S.
Energy Information Agency showed. [EIA/S]
FUNDAMENTALS
* On the New York Mercantile Exchange, November crude CLX0 fell 76
cents, or 1.0 percent, to $73.95 barrel at 8:10 a.m. EDT (1210 GMT),
trading from $73.89 to $74.98.
* The U.S. National Hurricane Center raised to 80 percent the chance
that a tropical depression could form in the Caribbean Sea over the next 48
hours. [ID:nN23124636]
* U.S. regulators on Wednesday approved a gradual restart of an
Enbridge Inc (ENB.TO) oil pipeline that ruptured more than eight weeks ago,
fouling a Michigan river system and squeezing oil supplies for U.S. and
Canadian refiners. [ID:nN23276879]
MARKETS NEWS
* The euro fell as concerns mounted about European economic recovery,
with the single currency coming off a five-month high hit against the
dollar the previous day. [USD/] The dollar index .DXY was stronger.
* U.S. stock index futures fell, pressured by weak economic data out of
Europe and on expectations that U.S. weekly jobless claims data will show
employment conditions are still under pressure. [.N]
* World stocks slipped in wake of survey showing slowdown in growth in
Euro zone's services and manufacturing sectors. [MKTS/GLOB]
* Gold held near record highs as the threat of currency devaluation
lifted interest in gold as a safe haven. [GOL/]
UPCOMING EVENTS/DATA
* The Labor Dept releases first-time claims for jobless benefits for
the week ended Sept. 18 at 8:30 a.m. EDT (1230 GMT). Economists surveyed by
Reuters forecast 450,000 new filings which would match the prior week's
number.
* The Conference Board releases August leading economic indicators at
10 a.m. EDT (1400 GMT). Economists projected a 0.1 percent rise, steady to
July.
* National Association of Realtors releases existing home sales for
August at 10 a.m. EDT (1400 GMT). Economists in a Reuters survey forecast a
4.1 million annualized unit total versus 3.83 million in July.
* The U.S. Energy Information Administration reports weekly U.S.
natural gas inventories at 10:30 a.m. EDT (1430 GMT). Analysts in a Reuters
survey forecast a build of 80 billion cubic feet.
8:10 LAST NET PCT LOW HIGH CURRENT DAY AGO
CHNG CHNG VOL VOL
CLc1 73.95 -0.76 -1.0% 73.89 74.98 33,279 34,579
CLc2 75.48 -0.82 -1.1% 75.39 76.49 17,613 311,954
LCOc1 77.01 -0.94 -1.2% 76.87 77.98 53,671 157,455
RBc1 1.8809 -0.0205 -1.1% 1.8796 1.9061 1,228 35,771
RBc2 1.8788 -0.0225 -1.2% 1.8775 1.9049 2,020 39,220
HOc1 2.0860 -0.0210 -1.0% 2.0796 2.1117 1,588 32,184
HOc2 2.1034 -0.0216 -1.0% 2.0976 2.1286 2,596 42,010
* NYMEX crude oil for November CLc1 fell 76 cents to $73.95 a barrel by
8:10 a.m. in volume of 33,279 lots.
(Reporting by Robert Gibbons; Editing by John Picinich)