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RTRS: NYMEX-U.S. crude up but choppy on data, Mideast
 
* Unrest in Middle East, Libya fight supports oil
* Portugal, euro zone debt woes limit gains
* U.S. durable goods orders fall in Feb, weigh on oil
* Coming up: EIA natgas data at 10:30 a.m. EDT Thurs
NEW YORK, March 24 (Reuters) - U.S. crude oil futures edged up on
Thursday in choppy trading as Middle East unrest and the Libya conflict and
concerns about supply disruption supported prices while euro zone debt
problems weighed on Brent prices.
U.S. crude prices briefly turned negative and trading was choppy after
a report showed U.S. February durable goods orders fell against
expectations the data would show a small rise.
The durable goods report offset a separate report showing U.S. initial
jobless claims fell. [ID:nCLAOEE7CM] [ID:nOAT004768]
U.S. crude prices were attempting to hold on to gains after its
Wednesday settlement at a 2-1/2-year peak after attacks on Israel escalated
Middle East geopolitical risk already high amid unrest and protests in
Yemen, Bahrain, and Syria.
The Wednesday price strength was despite rising U.S. crude oil stocks,
following strong gasoline futures on the government's report showing a
sharp drop in U.S. gasoline inventories last week.
Brent crude's weakness on Thursday was attributed to concerns about
euro zone debt problems and concerns about economic growth.
FUNDAMENTALS
* On the New York Mercantile Exchange, May crude CLK1 rose 22 cents,
or 0.2 percent to $105.97 a barrel by 9:14 a.m. EDT (1314 GMT), trading
from $105.11 to $106.69.
* New orders U.S. durable manufactured goods unexpectedly fell in
February after a strong showing in January, a government report showed.
[ID:nN24115313]
* New U.S. claims for unemployment benefits fell as expected last week,
with the four-week moving average dropping to it lowest level in more than
2-1/2 years. [ID:nOAT004768]
* Portugal is unlikely to ask the European Union for a financial
bailout during an EU leaders' summit, but it cannot be ruled out, an EU
source said. [ID:nLDE72N0VV]
* Western warplanes hit Libyan tanks on a fifth night of airstrikes but
failed to stop Muammar Gaddafi's forces shelling rebel-held towns in the
west or dislodge his armor in the east. [ID:nLDE72N006]
* Presidential guards loyal to Yemeni President Ali Abdullah Saleh
clashed in the town of Mukalla with army units backing opposition groups
and protesters demanding his ouster. [ID:nLDE72N0O4]
* The main hospital in the Syrian city of Deraa has received the bodies
of at least 25 protesters who died in confrontations with security forces,
a hospital official said. [ID:nLDE72N0PO]
MARKETS NEWS
* Dow and S&P index futures pared gains following data on jobless
claims and February durable goods orders. Futures remained in positive
territory, though light trading volume suggested that optimism was limited
in scope. [.N]
* The euro rebounded from an early fall, amid Middle-East and sovereign
buying, with worries over Portugal's political crisis and the health of the
Spanish banking system increasingly factored in to the currency. [USD/]
* Global stocks crept back to where they were before Japan's earthquake
and tsunami amid confidence over economic recovery. [MKTS/GLOB] [.N]
* Gold climbed amid violence in the Mideast and jitters over the euro
zone. [GOL/]
UPCOMING DATA/EVENTS
* U.S. Energy Information Administration weekly natural gas storage
data released at 10:30 a.m. EDT (1430 GMT) on Thursday.
9:14 LAST NET PCT LOW HIGH CURRENT DAY AGO
CHNG CHNG VOL VOL
CLc1 105.97 0.22 0.2% 105.11 106.69 54,398 31,920
CLc2 106.39 0.18 0.2% 105.60 107.14 20,312 303,365
LCOc1 114.76 -0.80 -0.7% 114.50 115.92 59,033 133,351
RBc1 3.0007 -0.0206 -0.7% 2.9909 3.0275 1,397 29,192
RBc2 3.0090 -0.0196 -0.7% 2.9988 3.0354 4,274 39,801
HOc1 3.0196 -0.0354 -1.2% 3.0147 3.07 2,732 21,890
HOc2 3.0376 -0.0343 -1.1% 3.0320 3.0871 7,054 35,558
* NYMEX crude oil for May CLc1 rose 22 cents to $105.97 a barrel by 9:14
a.m. in volume of 54,398 lots.
(Reporting by Robert Gibbons; Editing by John Picinich)
Source