NYMEX-Crude slides on dollar rise as equities slip

* Dollar strengthens broadly after recent battering

* Global equities slip, pausing after big run up

NEW YORK, Sept 21 (Reuters) - U.S. crude oil futures fell on Monday as
the dollar strengthened, global equities slipped and concerns about tepid
demand even amid signs of and expectations for economic recovery.

"Crude and products futures fell for a third day as the dollar
strengthened and European equity markets moved lower," Addison Armstrong,
analyst at Tradition Energy in Stamford, Connecticut, said in a research
note.

The dollar rose broadly on Monday, hitting a near two-week high against
the yen, as traders trimmed short positions in the U.S. currency following
broad losses so far this month. [USD/]

Traders took profits on currencies which have rallied against the
dollar, including the euro.

World stocks retreated further from last week's 11-month high as lower
energy and commodity prices and caution ahead of a U.S. Federal Reserve
meeting and G20 summit prompted investors to trim risky trades.
[MKTS/GLOB]

U.S. stock indexes opened weaker on Monday as global equity markets
declined and investors reassessed stock valuations following a six-month
run-up. [.N]

Even with the crude oil supply slide in the latest government inventory
report, showing stocks down 4.7 million barrels in the week to Sept. 11,
U.S. crude oil inventories remain nearly 30 million barrels above the
year-ago period.

And total gasoline and distillate supplies and heating oil stocks were
at significant premiums to year ago. [EIA/S]

PRICES

* On the New York Mercantile Exchange at 9:46 a.m EDT (1336 GMT),
October crude CLV9 was down $2.18, or 3.03 percent, at $69.86 a barrel,
trading from $69.10 to $72.04.

* The NYMEX October crude contract expires on Tuesday.

* In London, November Brent crude LCOX9 fell $2.40, or 3.37 percent,
to $68.92 a barrel, trading from $68.27 to $71.45.

* NYMEX October RBOB RBV9 fell 5.91 cents, or 3.23 percent to $1.7733
a gallon, trading from $1.7485 to $1.8365.

* NYMEX October heating oil HOV9 fell 5.82 cents, or 3.18 percent, to
$1.7697 a gallon, trading from $1.7534 to $1.8280.

* The October/October RBOB crack spread <0#RB-CL=R> was at $4.55 after
ending at $4.92 on Friday. The October/October heating oil crack spread
<0#CL-HO=R> was at $4.56 after ending at $4.73 on Friday.

* The spread between the current front month and the five-year forward
crude contract CLc61 was at $15.44, based on the October 2014 contract
Friday settlement at $85.30. The spread ended Friday at $13.26.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $71.07/$70.79

Technical support/resistance:

NYMEX crude: $69.52/$73.52

NYMEX heating oil: $1.7224/$1.85

NYMEX RBOB: $1.7130/$1.8722

For a full report on technicals, click on [ID:nLL477534]

MARKET NEWS

* Diesel demand in China continues to lag economic recovery, as top
Asian refiner Sinopec Corp (0386.HK) is still seeing fuel sales so far this
year below the rates of a year ago, the oil major's chief said on Monday.
[ID:nPEK367818]

* Oil refinery output in 16 European countries rose by 129,000 barrels
a day in August from July, data from industry monitor Euroilstock showed.
But output was still down 6.4 percent from levels August 2008.
[ID:nLL551319]
(Reporting by Robert Gibbons; Editing by John Picinich)