NYMEX-Crude ends down on jobs data, recovery worry

* Dollar down as U.S. jobless rate hits 26-year high

* U.S. equities dip on data but tech, bank shares up

* Tension over Iran's nuclear program eases a little

NEW YORK, Oct 2 (Reuters) - U.S. crude oil futures settled
more than 1 percent lower on Friday, as doubts over an economic
recovery resurfaced after data showed that the U.S.
unemployment rate had soared to a 26-year high.

U.S. stocks were down in late trading and on track for a
second straight week of losses on disappointment over the jobs
data, though positive broker comments on technology and banking
companies lightened losses. [.N]

The dollar dropped against major currencies after the
anemic jobs data fueled fears that the U.S. economic recovery
could be derailed and reinforced expectations U.S. interest
rates will stay near zero for some time. [USD/]

U.S. employers cut a deeper-than-expected 263,000 jobs in
September, lifting the unemployment rate to 9.8 percent, the
highest since June 1983. The Labor Department said payrolls had
now dropped for 21 consecutive months. [ID:nN02314318]

The unemployment report was "disappointing, but hardly
shocking after yesterday's initial jobless claims," said Mike
Fitzpatrick, vice president at MF Global in New York.

"While there has been an improvement in the employment
picture, compared to previous recessions the pace of the
current recovery can only be characterized as glacial,"
Fitzpatrick added.

Meanwhile, "the worries over Iran's nuclear aspirations
have not completely evaporated, but they have clearly eased
over the past 24 hours," said Tim Evans, energy analyst at Citi
Futures Perspective in New York.

Both the United States and Iran described talks between
Iran and six major powers over Tehran's nuclear program on
Thursday as productive. Iran agreed to allow U.N. inspectors
into a newly disclosed enrichment plant. [ID:nLU404202]

PRICES

* On the New York Mercantile Exchange, November crude
CLX9 settled down 87 cents, or 1.23 percent, at $69.95 a
barrel, trading from $68.32 to $70.69.

* From a week ago, NYMEX October crude rose $3.93, or 5.95
percent.

* In London, November Brent crude LCOX9 ended down $1.12,
or 1.62 percent, at $68.07 a barrel, trading from $66.74 to
$68.74.

* NYMEX November RBOB RBX9 settled down 1.70 cents, or
0.97 percent, at $1.7409 a gallon, trading from $1.7014 to
$1.7515.

* NYMEX November heating oil HOX9 finished 3.06 cents
lower, or 1.67 percent, at $1.7968 a gallon, trading from
$1.7603 to $1.82.

* The November/November RBOB crack spread <0#RB-CL=R> ended
at $3.17, rising from $3.01 on Thursday. The November/November
heating oil crack spread <0#CL-HO=R> ended at $5.52, down from
$5.93 on Thursday.

* The spread between the current front month and the
five-year forward crude contract CLc61 ended at $13.19,
widening from $12.90 on Thursday. The November 2014 contract
settled on Friday at $83.14, down 58 cents, or 0.69 percent.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $68.69/$69.77

Technical support/resistance:

NYMEX crude: $70.00/$72.00

NYMEX heating oil: $1.80/$1.85

NYMEX RBOB: $1.75/$1.80

For a full report on technicals, click on [ID:nL2163857]

MARKET NEWS

* New orders received by U.S. factories dropped for the
first time in five months in August, government data showed,
defying expectations that they would rise. [ID:nN01278237]

* Russia's monthly oil output exceeded 10 million barrels
per day in September for the first time, making it the world's
largest producer. [ID:nL2451607]

* A tropical wave in the western Atlantic Ocean, about 650
miles (1,050 km) east of the Lesser Antilles in the eastern
Caribbean Sea, had a low chance - less than 30 percent - of
becoming a tropical cyclone during the next 48 hours, the U.S.
National Hurricane Center said Friday. [ID:nN02311361]
(Reporting by Gene Ramos and Robert Gibbons; Editing by
Marguerita Choy)