NYMEX-Crude ends up, atop $72, on big EIA drawdown

* EIA: crude stocks drawdown bigger than expected

* Dollar hits near one-year low against euro

* U.S. equities gain on economic data, dollar

NEW YORK, Sept 16 (Reuters) - U.S. crude futures rallied to
above $72 and closed more than 2 percent higher on Wednesday,
after government data showed that domestic crude inventories
fell more than expected last week, against an industry report
on Tuesday that supplies rose.

Support also came from gasoline and heating oil futures,
which posted better gains than crude futures, percentage-wise,
though industry and government data showed that distillate and
gasoline supplies rose last week.

"The weekly data appears bearish for now, but traders are
looking ahead and note that U.S. refineries will go into some
fairly widespread maintenance, with the changing of the
seasons," said Andy Lebow, broker at MF Global in New York.

"Traders believe this will mean runs will be reduced and
see the prospect of supplies being reduced. There could also be
some economic run cuts amid a weak margin environment."

The dollar fell to near one-year lows against the euro and
a basket of currencies as optimism about a global economic
recovery eroded safe-haven demand for the greenback. [USD/]

Wall Street rose for a third straight day as the dollar's
weakness helped lift commodity and industrial shares while data
on industrial production and consumer prices signaled that the
economy was improving. [.N]

U.S. industrial production rose for the second straight
month in August, while higher gasoline costs pushed up consumer
prices, reinforcing hopes a recovery was underway. For details,
see [ID:nN16118540]

PRICES

* On the New York Mercantile Exchange, October crude CLV9
settled up $1.58, or 2.23 percent, at $72.51 a barrel, trading
from $70.14 to $72.56.

* Options on the NYMEX October crude contract expires on
Friday.

* In London, new front-month November Brent LCOX9 ended
up $1.81, or 2.59 percent, at $71.67 a barrel, trading from
$69.01 to $71.72.

* NYMEX October RBOB RBV9 ended up 5.91 cents, or 3.3
percent, at $1.8483 a gallon, trading from $1.7664 to $1.85.

* NYMEX October heating oil HOV9 settled up 4.57 cents,
or 2.57 percent, at $1.8258 a gallon, trading from $1.7534 to
$1.8280.

* The October/October RBOB crack spread <0#RB-CL=R> closed
at $5.12, jumping from $4.22 on Tuesday. The October/October
heating oil crack spread <0#CL-HO=R> ended at $4.17, rising
from $3.83 on Tuesday.

* The spread between the current front month and the
five-year forward crude contract CLc61 ended at $12.16,
narrowing from $12.46 on Tuesday. The October 2014 contract
settled Wednesday at $84.67, up $1.28, or 1.53 percent.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $69.82/$70.91

Technical support/resistance:

NYMEX crude: $68.02/$72.90

NYMEX heating oil: $1.7305/$1.7817

NYMEX RBOB: $1.7429/$1.7978

For a full report on technicals, click on [ID:nLG093707]

MARKET NEWS

* The EIA said crude stocks fell 4.7 million barrels to
332.8 million barrels, far more than the forecast for a 2.4
million decline in a Reuters poll of analysts, but against the
631,000-barrel increase reported by the API Tuesday. [EIA/S]

* Stocks at the Cushing, Oklahoma, storage for NYMEX-traded
oil, fell 3.7 million barrels to 27.6 million barrels.

* Distillate stocks rose 2.2 million barrels, larger than
the forecast for a 1.3 million barrel build, but far below the
API's 5.2 million barrel increase.

* Gasoline stocks edged up 500,000 barrels, near the
forecast for a 600,000-barrel increase but far less than the
API's 1.4 million barrel build.

* Refinery utilization was down 0.3 percentage point, to
86.9 percent of capacity, the EIA said, just below the forecast
for an 0.5 percentage point decline.

* OPEC may need to cut oil supply next year to match a fall
in demand for the group's crude, a Kuwaiti OPEC delegate said
in a column published in a Kuwaiti newspaper. [ID:nLG49864]

* Exxon Mobil Corp (XOM.N) said it will shut down for
planned maintenance the gasoline-making fluid catalytic
cracking unit No. 3 at its 562,500 barrel-per-day refinery in
Baytown, Texas. [ID:nN15542181]
(Reporting by Gene Ramos and Robert Gibbons; Editing by Lisa
Shumaker)