NEW YORK, Sept 23 (Reuters) - U.S. crude oil futures prices
ended higher on units being shut at a key Northeast refinery,
lifting crude futures from earlier losses.
Both oil futures and equities markets saw choppy trading as investors digested mixed economic data.
FUNDAMENTALS
* On the New York Mercantile Exchange, November crude rose 47 cents, or 0.62 percent, to settle at $75.18 a barrel, trading from $73.58 to $75.61.
* NYMEX front-month October RBOB gasoline rose 1.60 cents, or 0.84 percent to settle at $1.9174 a gallon, well above an early low of $1.8747.
* ConocoPhillips has started 45 days of work at its 238,000 barrel per day Bayway refinery in Linden, New Jersey, ahead of the start-up of a new crude distillation unit next month, a source familiar with refinery operations said.
* The U.S. National Hurricane Center said Tropical Storm Matthew formed over the western Caribbean.
* U.S. regulators on Wednesday approved a gradual restart of an Enbridge Inc oil pipeline that ruptured more than eight weeks ago, fouling a Michigan river system and squeezing oil supplies for U.S. and Canadian refiners.
MARKETS NEWS
* U.S. stocks fell after a weak reading on the labor market dropped stocks through a key technical level, validating the worries of those who thought the recent rally was flimsy.
* The euro retreated from a five-month high against the dollar, hobbled by worries about Ireland's economy and banks, while the yen hit its lowest against the dollar since last week's intervention by the Bank of Japan.
* Gold rose to near $1,300 an ounce, ending higher for a fourth straight day as uninspiring U.S. jobless claims and weak euro zone data renewed desire to buy bullion as a hedge against economic uncertainty.
* Base metals scaled multi-month peaks as investors bet fundamentals would continue to improve, with copper a particular favorite due to its dwindling supply base and robust Asian interest.
UPCOMING EVENTS/DATA
* Commodity Futures Trading Commision positions data due at 3:30 p.m. EDT (1930 GMT) on Friday.
SETTLE NET PCT LOW HIGH CURRENT DAY AGO
CHNG CHNG VOL VOL CLc1 75.18 0.47 0.6% 73.58 75.61 281,253 343,846 CLc2 76.54 0.24 0.3% 75.10 76.98 146,341 186,635 LCOc1 78.11 0.16 0.2% 76.75 78.48 157,598 157,455 RBc1 1.9174 0.0160 0.8% 1.8747 1.9323 18,192 32,555 RBc2 1.9129 0.0116 0.6% 1.8725 1.9272 35,272 53,631 HOc1 2.1145 0.0075 0.4% 2.0763 2.1277 21,725 25,706 HOc2 2.1335 0.0085 0.4% 2.0943 2.1465 39,285 42,879
TOTAL MARKET VOLUME OPEN INTEREST
CURRENT Sep 22 30D AVG Sep 22 NET CHNG CRUDE 574,719 682,225 738,045 1,331,842 -7,728 RBOB 80,603 130,326 110,584 241,697 -4,366 HO 85,985 110,066 118,438 330,905 2,158
(Reporting by Robert Gibbons; Editing by David Gregorio) Keywords: MARKETS ENERGY NYMEX (robert.gibbons@thomsonreuters.com; +1 646 223 6059; Reuters Messaging: robert.gibbons.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Both oil futures and equities markets saw choppy trading as investors digested mixed economic data.
FUNDAMENTALS
* On the New York Mercantile Exchange, November crude rose 47 cents, or 0.62 percent, to settle at $75.18 a barrel, trading from $73.58 to $75.61.
* NYMEX front-month October RBOB gasoline rose 1.60 cents, or 0.84 percent to settle at $1.9174 a gallon, well above an early low of $1.8747.
* ConocoPhillips has started 45 days of work at its 238,000 barrel per day Bayway refinery in Linden, New Jersey, ahead of the start-up of a new crude distillation unit next month, a source familiar with refinery operations said.
* The U.S. National Hurricane Center said Tropical Storm Matthew formed over the western Caribbean.
* U.S. regulators on Wednesday approved a gradual restart of an Enbridge Inc oil pipeline that ruptured more than eight weeks ago, fouling a Michigan river system and squeezing oil supplies for U.S. and Canadian refiners.
MARKETS NEWS
* U.S. stocks fell after a weak reading on the labor market dropped stocks through a key technical level, validating the worries of those who thought the recent rally was flimsy.
* The euro retreated from a five-month high against the dollar, hobbled by worries about Ireland's economy and banks, while the yen hit its lowest against the dollar since last week's intervention by the Bank of Japan.
* Gold rose to near $1,300 an ounce, ending higher for a fourth straight day as uninspiring U.S. jobless claims and weak euro zone data renewed desire to buy bullion as a hedge against economic uncertainty.
* Base metals scaled multi-month peaks as investors bet fundamentals would continue to improve, with copper a particular favorite due to its dwindling supply base and robust Asian interest.
UPCOMING EVENTS/DATA
* Commodity Futures Trading Commision positions data due at 3:30 p.m. EDT (1930 GMT) on Friday.
SETTLE NET PCT LOW HIGH CURRENT DAY AGO
CHNG CHNG VOL VOL CLc1 75.18 0.47 0.6% 73.58 75.61 281,253 343,846 CLc2 76.54 0.24 0.3% 75.10 76.98 146,341 186,635 LCOc1 78.11 0.16 0.2% 76.75 78.48 157,598 157,455 RBc1 1.9174 0.0160 0.8% 1.8747 1.9323 18,192 32,555 RBc2 1.9129 0.0116 0.6% 1.8725 1.9272 35,272 53,631 HOc1 2.1145 0.0075 0.4% 2.0763 2.1277 21,725 25,706 HOc2 2.1335 0.0085 0.4% 2.0943 2.1465 39,285 42,879
TOTAL MARKET VOLUME OPEN INTEREST
CURRENT Sep 22 30D AVG Sep 22 NET CHNG CRUDE 574,719 682,225 738,045 1,331,842 -7,728 RBOB 80,603 130,326 110,584 241,697 -4,366 HO 85,985 110,066 118,438 330,905 2,158
(Reporting by Robert Gibbons; Editing by David Gregorio) Keywords: MARKETS ENERGY NYMEX (robert.gibbons@thomsonreuters.com; +1 646 223 6059; Reuters Messaging: robert.gibbons.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.