NYMEX-Crude bounces on U.S., China economic data

NEW YORK, Nov 2 (Reuters) - U.S. crude oil futures bounced
higher on Monday after seesawing earlier, lifted by supportive
data for the economies of the United States and China.

The U.S. manufacturing sector grew in October for the third
consecutive month and at a faster rate than was expected,
according to a report from the Institute for Supply Management
released on Monday. [ID:nWEN5869]

Pending sales of previously owned U.S. homes unexpectedly
rose in September to their highest level in nearly three years
ahead of expiration of a tax credit for first-time buyers, the
National Association of Realtors said. [ID:nN02432431]

The dollar extended losses against the euro to trade at
session lows after the round of U.S. economic data. [USD/]

HSBC's China Purchasing Managers' Index rose to an 18-month
high in October of 55.4 from 55.0 in September. [ID:nSEO80466]

"This suggested that domestic demand was growing rapidly
which augurs well for energy demand growth in the world's
second largest consumer of oil," said Mike Fitzpatrick, vice
president at MF Global in New York.

On Friday, oil futures were pressured by a report showing
U.S. consumer spending fell in September for the first time in
five months. [ID:nN30482062]

Also out on Friday, the Reuters/University of Michigan
Surveys of Consumers showed U.S. consumer sentiment slipped in
October. [ID:nN30349339]

PRICES

* On the New York Mercantile Exchange at 10:24 a.m. EST
(1524 GMT), December crude CLZ9 was up $1.05, or 1.36
percent, at $78.05 a barrel, trading from $76.56 to $78.25.

* In London, December Brent crude LCOZ9 rose $1.32, or
1.76 percent, to $76.52 a barrel, trading from $74.98 to
$76.63.

* NYMEX December RBOB RBZ9 rose 1.95 cents, or 1.0
percent, to $1.9790 a gallon, trading from $1.9481 to $1.9858.

* NYMEX December heating oil HOZ9 rose 3.01 cents, or 1.5
percent, to $2.0353 a gallon, trading from $1.9995 to $2.0435.

* The December/December RBOB crack spread <0#RB-CL=R> was
at $5.08 after ending at $5.30 on Friday. The December/December
heating oil crack spread <0#CL-HO=R> was at $7.33 after ending
at $7.22 on Friday.

* The spread between the current front month and the
five-year forward crude contract CLc61 was at $11.79, based
on the December 2014 contract Friday settlement at $89.84, The
spread ended at $12.84 on Friday.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $79.23/$76.73

Technical support/resistance:

NYMEX crude: $75.19/$78.50

NYMEX heating oil: $1.9641/$2.4634

NYMEX RBOB: $1.9163/$2.0027

For a full report on technicals, click on [ID:nL2366076]

MARKET NEWS

* The euro zone manufacturing sector expanded for the first
time in 17 months in October. a survey showed. [ID:nL2308693]

* Russia remains the world's top oil producer, posting a
new post-Soviet high of more than 10 million barrels per day of
crude in October, Energy Ministry data said. [ID:nL2259138]

* OPEC oil production fell in October, according to
industry sources surveyed by Reuters. It would be the first
decline since April and was due to lower output from Saudi
Arabia, Iraq and Nigeria. [ID:nL2341166]

* Iran wants more talks on a U.N.-drafted nuclear deal
because it needs guarantees it will receive reactor fuel, a
senior official said. [ID:nL2374481]
(Reporting by Robert Gibbons; editing by Jim Marshall)