RTRS: NYMEX-Crude slips on dollar, awaiting U.S. GDP
* Dollar weaker vs yen but dollar index up, weighs on oil
* NYMEX Nov refined products contracts expire on Friday
* Coming up: CFTC positions data, 3:30 p.m. EDT Friday
NEW YORK, Oct 29 (Reuters) - U.S. crude oil futures prices
slipped on Friday, feeling pressure from a higher dollar index
and strength against the euro while market players awaited a
reading on U.S. economic growth for the third quarter.
U.S. economic growth likely edged up though it would not be
enough to chip away at high unemployment or change perceptions
of more monetary easing from the Federal Reserve next week.
A government report on Friday is expected to show gross
domestic product expanded at a 2.0 percent annual rate as
consumer spending accelerated and the trade deficit narrowed,
compared with a 1.7 percent pace in the second quarter, a
Reuters survey showed. [ID:nN28207235]
FUNDAMENTALS
* On the New York Mercantile Exchange, December crude
CLZ0 fell 37 cents, or 0.5 percent, to $81.81 a barrel by
8:12 a.m. EDT (1212 GMT), trading from $81.31 to $82.03.
* German retail sales posted their biggest monthly drop in
2-1/2 years in September, clashing with recent figures that had
painted a rosier picture of consumer demand in Europe's largest
economy. [ID:nLDE69S0AS]
* OPEC crude oil supply rose in October, the first increase
since July, largely because of higher output from Angola, a
Reuters survey showed on Friday. [ID:nLDE69S12E]
* Workers at France's Le Havre oil port ended a strike on
Friday over pension reform, allowing crude oil flows to resume
to some refineries. [ID:nLDE69S09K]
MARKETS NEWS
* World stocks fell and the dollar slid towards its 1995
record low versus the yen as investors braced for U.S. growth
data to assess the likely scale of fresh Federal Reserve
monetary easing. [MKTS/GLOB]
* The yen rose to within sight of its 1995 record high
versus the dollar, rising broadly as equity markets fell. But
the dollar gained against the euro EUR= and the dollar index
.DXY rose. [USD/]
* Gold eased in Europe as the dollar rose against a
currency basket ahead of U.S. growth data later in the session,
but traders remained cautious ahead of a hotly anticipated
Federal Reserve policy meeting next week. [GOL/]
* U.S. stock index futures eased, with a key reading due on
economic growth and caution prompting profit-taking after a
strong month. [.N]
UPCOMING DATA/EVENTS
* U.S. GDP Q3 first estimate at 8:30 a.m. EDT (1230 GMT).
* U.S. Labor Dept Q3 labor costs at 8:30 a.m. EDT (1230
GMT).
* Canada Aug GDP and producer prices at 8:30 a.m. EDT (1230
GMT).
* Chicago (Kingsbury) ISM PMI for Oct at 9:45 a.m. EDT
(1345 GMT)
* University of Michigan consumer confidence Oct/final at
9:55 a.m. EDT (1355 GMT)
* U.S. ECRI leading index weekly at 10:30 a.m. EDT (1430
GMT)
* Money manager positions data from the Commodities Futures
Trading Commission on Friday at 3:30 p.m. EDT (1930 GMT).
* NYMEX refined products November contracts expire Friday.
8:12 LAST NET PCT LOW HIGH CURRENT DAY AGO
CHNG CHNG VOL VOL
CLc1 81.81 -0.37 -0.5% 81.31 82.03 27,332 375,249
CLc2 82.59 -0.35 -0.4% 82.10 82.80 5,340 96,589
LCOc1 83.35 -0.24 -0.3% 82.90 83.50 50,122 167,934
RBc1 2.1110 -0.0029 -0.1% 2.0947 2.1110 604 26,532
RBc2 2.0776 -0.0052 -0.3% 2.0645 2.0796 1,569 53,293
HOc1 2.2339 -0.0096 -0.4% 2.2246 2.2375 220 15,683
HOc2 2.2515 -0.0079 -0.4% 2.2397 2.2579 2,435 48,994
* NYMEX crude oil for December CLc1 fell 37 cents to $81.81
a barrel by 8:12 a.m. EDT on volume of 27,332 lots.