NYMEX-Crude ends at 4-week low as equities slide

* Wall Street down on Obama plan to curb bank risk

* Concerns persist about demand in China, U.S.

NEW YORK, Jan 22 (Reuters) - U.S. crude oil futures ended
at their lowest level in four weeks on Friday as Wall Street
dropped sharply on plans to limit trading by banks and oil
demand in China and the United States remained a concern.

Wednesday's government inventory data showing a big jump in
gasoline supplies last week and continued signs of weak demand
for distillates hung over the market, traders said.

Milder U.S. weather this week, particularly in the
Northeast, the key heating oil market, continued to add to the
bearish tone. [ID:nDTN680] [WEA]

"Traders were selling in response to a number of factors:
Chinese credit tightening, (proposed) sweeping new U.S. banking
and trading changes and this week's DOE snapshot of demand were
all seen as bearish factors that were leading to long
liquidation and short-selling," said Peter Beutel, president of
Cameron Hanover in New Canaan, Connecticut.

PRICES

* On the New York Mercantile Exchange, March crude CLH0
settled down $1.54, or 2.02 percent, at $74.54 a barrel, down
for a third straight day and marking the lowest close since
Dec. 22's $74.40. It traded from $74.31, lowest since the Dec.
23 intraday low of $74.25, to $76.50.

* March broke below 100-day moving average at $75.20, to
fresh four-week low.

* London March Brent crude LCOH0 ended down $1.75, or
2.35 percent, at $72.83 a barrel, trading from $72.61, lowest
since Dec. 22's $71.97 intraday low, to $75.15. From a week
ago, front-month Brent fell $4.28, or 5.55 pct.

* NYMEX February RBOB RBG0 settled down 1.72 cents, or
0.87 percent, at $1.9657 a gallon, trading from $1.9562, lowest
since the Dec. 23 intraday low of $1.8969, to $2.0004. From a
week ago, the contract fell 7.97 cents, or 3.9 percent.

* NYMEX February heating oil HOG0 ended down 4.40 cents,
or 2.22 percent, at $1.9416 a gallon. It traded from $1.9358,
the lowest since the Dec. 22 intraday low of $1.9129, to
$1.9960. From a week ago, contract fell 10.44 cts, or 5.1
percent.

* The March/March heating oil crack spread <0#CL-HO=R> ended
at $7.01, down from $7.81 on Thursday. The March/March RBOB
crack spread <0#RB-CL=R> ended at $8.02, widening from $7.68 on
Thursday.

* The spread between the current front month and the
five-year forward crude contract CLc61 ended at $14.08,
narrowing from $14.26 on Thursday. The March 2015 contract
settled Friday at $88.62, down $1.72, or 1.9 percent.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $79.23/$79.62

Technical support/resistance:

NYMEX crude: $75.22/$76.70

NYMEX heating oil: $1.95/$2.0506

NYMEX RBOB: $1.92/$2.00

For a full report on technicals, click on [ID:nLDE60L13P]

MARKET NEWS

* The dollar fell against the euro and yen as investors
exited risky trades, unnerved by U.S. President Barack Obama's
proposals to limit risk-taking by U.S. banks. [USD/]

* U.S. stocks turned negative for the year, led lower by
technology shares and continued worries about earnings growth
amid the White House proposals. [.N]

* Valero Energy Corp. (VLO.N) is in advanced negotiations
with PBF Investments LLC to sell the assets of its terminal
operation and discontinued operations at its Delaware City,
Delaware, refinery, the company said Friday. [ID:nN22150443]

* Refinery output in 16 European countries fell more than
10 percent in December from a year earlier, while only naphtha
output rose year-on-year, data from industry monitors
Euroilstock showed. [ID:nLDE60L1G3]

* China's demand for gasoline, diesel and kerosene will
grow by about 4 percent this year, the National Energy
Administration said. [ID:nTOE60L02P]
(Reporting by Gene Ramos and Robert Gibbons; editing by Jim
Marshall)