NYMEX-Crude down on large EIA stock build

* EIA: crude supply at fresh, near 19-year high

* IMF says world falls into severe recession

NEW YORK, April 22 (Reuters) - U.S. crude oil futures fell back on
Wednesday after government data showed a larger-than-expected build in
domestic crude stocks last week.

Gasoline and heating oil futures deepened losses as the latest
inventory report showed product supplies increasing, defying forecasts for
stock drawdowns.

Data from the U.S. Energy Information Administration for the week to
April 17 contradicted the inventory report from industry group American
Petroleum Institute, which showed that crude stocks dropped.

Just before the EIA released its report at 10:30 a.m. EDT (1430 GMT),
NYMEX crude futures were up amid choppy trading and with traders awaiting
whether the government data would confirm or go against the industry
report.

"The market is pretty well supplied ... definitely, overall, this is a
bearish report," said Amanda Kurzendoerfer, commodities analyst at Summit
Energy in Louisville, Kentucky.

PRICES

* On the New York Mercantile Exchange at 11:25 a.m., new front-month
June crude CLM9 was down 14 cents, or 0.29 percent, at $48.41 a barrel,
trading from trading from $47.70 to $49.09.

* In London, June Brent crude LCOM9 was down 36 cents, or 0.72
percent, at $49.46 a barrel, trading from $48.85 to $50.32.

* NYMEX May RBOB RBK9 slid 3.81 cents, or 2.69 percent, to $1.3763 a
gallon, trading from $1.3705 to $1.4230.

* NYMEX May heating oil HOK9 fell 2.82 cents, or 2.09 percent, to
$1.3196 a gallon, trading from $1.3108 to $1.3537.

* The June/June RBOB crack spread <0#RB-CL=R> was at $9.75. The
June/June heating oil crack spread <0#CL-HO=R> was at $7.82.

* The spread between the current front month and the five-year forward
crude contract CLc61 was at $23.95 based on the June 2014 contract's
Tuesday settlement at $72.36. The spread between the expiring May contract
and the May 2014 contract ended at $25.90 on Tuesday.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $49.17/$50.15

Technical support/resistance:

NYMEX crude: $45.95/$50.38

NYMEX heating oil: $1.27/$1.3910

NYMEX RBOB: $1.3315/1.4470

For a report on technicals click [ID:nLM237661]

MARKET NEWS

* EIA said domestic crude stocks rose 3.9 million barrels last week,
due to higher imports, to 370.6 million barrels, the highest level since
Sept. 14, 1990 when supply hit 373.1 million barrels. The forecast in a
Reuters poll had called for a 2.6-million-barrel build. [EIA/S]

* Stocks at the NYMEX delivery point at Cushing, Oklahoma, rose 300,000
barrels to 29.5 million barrels, rising for the first time after steadily
dropping since early February, when stocks there hit a record 34.9 million
barrels.

* Gasoline stocks rose 800,000 barrels to 217.3 million barrels,
against the forecast for a draw of 400,000 barrels.

* Distillates, which include heating oil and diesel, rose 2.7 million
barrels to 142.3 million barrels. The forecast had been for a 700,000
barrel draw.

* Refinery utilization jumped 3.0 percentage points to 83.4 percent of
capacity against the forecast for a 0.7 percentage point increase.

* API said Tuesday that crude supplies fell 1.0 million barrels to
370.2 million barrels. Gasoline stocks rose 107,000 barrels and distillate
stocks increased 458,000 barrels. [API/S]

* U.S. stocks rose as a broker upgrade of Caterpillar lifted big
manufacturers, while biotechnology shares got a lift from
better-than-expected results from Gilead Sciences. [.N]

* The euro extended gains versus the U.S. dollar and touched session
highs as stocks in Wall Street rebounded from losses. [USD/]

* The International Monetary Fund said Wednesday the world economy has
fallen into a severe recession, cutting its forecast for global growth.
[ID:nN21500818]

* OPEC is worried about oversupply in the oil market and wants members
to comply fully with their output targets, Libya's top oil official said.
[ID:nLM442244]
(Reporting by Gene Ramos and Robert Gibbons;
Editing by John Picinich)