* U.S. crude stocks seen up last week, weighing on oil * NYMEX December crude options expire Tuesday * Coming up: API oil data at 4:30 p.m. EST NEW YORK, Nov 16 (Reuters) - U.S. crude futures fell more than 1 percent on Tuesday on expectations that data would show U.S. oil stocks rose last week, with investors worried about Europe's debt woes and possible monetary tightening in China. Ahead of weekly inventory reports from industry and government, a preliminary Reuters analyst survey on Monday forecast crude stocks last week to have risen slightly, by 400,000 barrels, while gasoline and distillate stockpiles were expected to be lower. [EIA/S] The dollar's early strength on Tuesday helped pressure crude prices, but economic survey data showing German sentiment improving helped the euro bounce and rise versus the U.S. currency. FUNDAMENTALS * On the New York Mercantile Exchange, December crude CLZ0 fell $1.18, or 1.4 percent, to $83.68 a barrel by 8:24 a.m. EST (1324 GMT), trading from $83.56 to $84.74. * U.S. producer prices rose 0.4 percent in October against analysts' forecast for a 0.8 percent increase. [ID:nLLAGME68S] * Three tankers have been booked to carry 240,000 tonnes of low-sulphur diesel and/or jet fuel from North Asia to the UK, due to firm heating demand in Europe and tight supplies in the Mediterranean, traders said on Tuesday. [ID:nSGE6AF0DD] * German analyst and investor sentiment rose more than expected in November on growing optimism about the labor market and the international environment, the ZEW economic think tank's monthly poll showed on Tuesday. The euro rose versus the dollar after the survey's release. [ID:nDEP003399] MARKETS * The euro recovered from seven-week lows against the dollar on the back of above-forecast German data but debt worries remained. [FRX/] * U.S. stock index futures fell on concerns over inflation risks in China and Europe's sovereign debt woes. [.N] * Chinese shares sank to a one-month low on reports that China will unveil food price controls and crack down on speculation in agricultural commodities to contain inflationary pressure. For details, see [ID:nL3E6MG081] * World stocks fell for the seventh day on persistent worries over Ireland's debt problems and China's fiscal tightening. [MKTS/GLOB] * Gold was mired near its lowest in nearly two weeks in the face of the dollar's recent strength. [GOL/] UPCOMING DATA/EVENTS * Federal Reserve releases domestic industrial production and capacity utilization for October at 9:30 a.m. EST (1430 GMT). Economists forecast a 0.3 percent rise in production and a reading of 74.9 percent for utilization. In September, output declined 0.2 percent and utilization was 74.7 percent. * NYMEX December crude oil options expiration on Tuesday. * American Petroleum Institute oil inventory report on Tuesday at 4:30 p.m. EST (2130 GMT). * U.S. Energy Information Administration oil inventory report at 10:30 a.m. EST (1530 GMT) on Wednesday. 8:24 LAST NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL CLc1 83.68 -1.18 -1.4% 83.56 84.74 48,184 478,815 CLc2 84.14 -1.15 -1.4% 84.01 85.20 28,221 183,916 LCOc1 85.77 -0.99 -1.1% 85.64 86.71 52,956 28,407 RBc1 2.1758 -0.0192 -0.9% 2.1723 2.2000 1,661 66,132 RBc2 2.1386 -0.0228 -1.1% 2.1345 2.1602 1,995 54,764 HOc1 2.3377 -0.0332 -1.4% 2.3352 2.3686 3,689 49,759 HOc2 2.3560 -0.0335 -1.4% 2.3539 2.3849 1,748 22,869 * NYMEX crude oil for December CLc1 fell $1.18 to $83.68 a barrel by 8:24 a.m. on volume of 48,184 lots. (Reporting by Robert Gibbons; Editing by Dale Hudson)

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