NYMEX-Crude ends lower as oil inventories rise
* U.S. crude oil stocks jump 7.31 mln bbls - EIA
* U.S. durable goods orders fall, clouding growth outlook
* Coming Up: US jobless claims data; Thursday 8:30 a.m EDT
NEW YORK, July 28 (Reuters) - U.S. crude oil futures fell a second straight day on Wednesday, slipping on government oil inventory data showing a large crude oil stocks build last week as imports surged.
Crude oil prices also were pressured by weak durable goods orders data that pushed U.S. equities lower and kept concerns about the pace of economic recovery in focus.
FUNDAMENTALS
* On the New York Mercantile Exchange, September crude CLU0 fell 51 cents, or 0.66 percent, to settle at $76.99 a barrel, trading from $75.90 to $77.74.
* The U.S. Energy Information Administration said commercial crude oil stocks rose 7.31 million barrels last week as imports jumped. [EIA/] The forecast was for a build. Gasoline and distillate stocks also rose, though not as much as expected.
* New orders for long-lasting U.S. manufactured goods unexpectedly fell for a second straight month in June, posting their largest decline since August. [ID:nN28189480]
* It will be days, not weeks or months, before Enbridge Inc
(ENB.TO) can get a damaged crude oil pipeline in Michigan back
into service, the company said on Wednesday. [ID:nN28138573]
MARKETS NEWS
* U.S. stocks fell on Wednesday after weak durable goods figures and a downbeat assessment of the economy from the Fed's Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average. [ID:nN28218363]
* The U.S. dollar rallied against the euro but slid against the yen as weaker-than-expected U.S. durable goods orders added to fears about economic recovery. [ID:nN28214830]
UPCOMING DATA/EVENTS
* Weekly report on new U.S. jobless claims at 8:30 a.m. EDT (1230 GMT).
* August NYMEX refined products contracts expire on Friday.
SETTLE NET PCT LOW HIGH CURRENT DAY AGO
CHNG CHNG VOL VOL CLc1 76.99 -0.51 -0.7% 75.90 77.74 297,951 377,844 CLc2 77.44 -0.46 -0.6% 76.33 78.13 86,865 64,388 LCOc1 76.06 -0.07 -0.1% 74.80 76.40 151,762 167,475 RBc1 2.0634 0.0002 0.0% 2.0286 2.0669 12,737 29,851 RBc2 2.0647 0.0006 0.0% 2.0307 2.0685 41,953 55,464 HOc1 1.9964 -0.0030 -0.2% 1.9745 2.0082 11,160 31,947 HOc2 2.0260 -0.0034 -0.2% 2.0044 2.0393 40,633 48,397
CURRENT Jul 23 30D AVG Jul 23 NET CHNG CRUDE 533,227 391,771 566,531 1,238,659 176 RBOB 93,316 125,123 94,844 249,133 -4,222 HO 76,115 109,182 99,963 294,935 -4,200 TECHS LAST MA-30 MA-90 Boll up Boll dn RSI-30 Imp Vol CLc1 76.84 76.5 77.96 80.28 71.95 48.42 31.83 RBc1 2.0598 2.0600 2.1800 2.1900 1.9700 45.25 32.61 HOc1 1.9950 2.0900 2.0800 2.2000 1.8300 46.18 32.08 (Reporting by Robert Gibbons; Editing by Marguerita Choy)
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