NYMEX-Crude up as dollar wilts, OPEC set to meet

* Dollar declines against euro, basket of currencies

* OPEC to meet and is expected to leave output steady

NEW YORK, Sept 9 (Reuters) - U.S. crude oil futures rose on
Wednesday, supported by the weak dollar, with oil traders
eyeing OPEC ministers set to meet in Vienna and this week's oil
inventory reports.

The euro traded at a 2009 high against the U.S. dollar on
Wednesday as the dollar also extended losses against a basket
of currencies after its sharp decline on Tuesday. [USD/]

U.S. stocks rose, after positive broker comments buoyed
industrial shares, while an upgrade for eBay Inc (EBAY.O)
helped the technology sector. [.N]

OPEC ministers were expected to leave output unchanged at
their meeting on Wednesday in Vienna after Saudi Arabia and
others in the group said there was no need for action.
[ID:nL9714113]

PRICES

* On the New York Mercantile Exchange at 11:50 a.m EDT
(1550 GMT), October crude CLV9 was up $1.33, or 1.87 percent,
at $72.43 a barrel, trading from $70.66 to $72.52, highest
since $73.36 was reached on Aug. 31.

* In London, October Brent crude LCOV9 was up $1.28, or
1.84 percent, at $70.70 a barrel, trading from $69.09 to
$70.88.

* NYMEX October RBOB RBV9 rose 2.44 cents, or 1.33
percent, to $1.8533 a gallon, trading from $1.8205 to $1.8567.

* NYMEX October heating oil HOV9 rose 3.96 cents, or 2.22
percent, to $1.8221 a gallon, trading from $1.7741 to $1.8253.

* The October/October RBOB crack spread <0#RB-CL=R> was at
$5.45, after ending at $5.71 on Tuesday. The October/October
heating oil crack spread <0#CL-HO=R> was at $4.12, after ending
at $3.77 on Tuesday.

* The spread between the current front month and the
five-year forward crude contract CLc61 was at $10.79, based
on the October 2014 contract Tuesday settlement at $83.22. The
spread ended Tuesday at $12.12.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $70.09/$70.52

Technical support/resistance:

NYMEX crude: $70.00/$73.50

NYMEX heating oil: $1.7444-$1.8206

NYMEX RBOB: $1.7882/$1.8696

For a full report on technicals, click on [ID:nL9127738]

MARKET NEWS

* Venezuelan oil exports in August rose by 151,350 barrels
per day after declining in July and June. [ID:nN09333723]

* All four of the main North Sea benchmark BFOE crude
streams will load more oil in October than in September, trade
sources said on Wednesday. [ID:nLAE000056]

* Copper eased as the market worried that prices had risen
beyond fundamentals, but expectations of stronger demand in the
longer term limited losses. [ID:nL9705718]

* Iran delivered proposals to world powers on Wednesday on
its disputed nuclear program. The United States said Iran was
moving closer to being able to make atomic bombs by stockpiling
enriched uranium. [ID:nDAH934961]

* U.S. crude oil inventories were expected to have fallen
1.5 million barrels last week, a Reuters preliminary survey
showed Tuesday. Gasoline stocks were expected to be lower and
distillate supplies up. [EIA/S]

* Crude oil inventories in 16 European countries increased
by 4.2 percent in August from a year earlier. [ID:nL9170828]

* Exxon Mobil Corp (XOM.N) said a small fire at its Baton
Rouge, Louisiana, refinery on Wednesday had no impact on
production. [ID:nN09332814]

* Saudi Oil Minister Ali al-Naimi said he was content with
oil prices. [ID:nL9714113]
(Reporting by Robert Gibbons; Editing by Lisa Shumaker)