NYMEX-Crude rebounds on weak dollar, Wall St bounce
* Strong data from France, Germany lifts euro vs dollar
* OPEC sees no shortage of oil in global market
* POLL: U.S. crude stocks up, gasoline down
* Coming up: API oil inventory data, 4:30 p.m. EDT Tuesday
NEW YORK, April 19 (Reuters) - U.S. crude oil futures rebounded almost 1 percent on Tuesday, aided by a weaker dollar, a bounce on Wall Street and technical support.
Prices bounced after Treasury Secretary Timothy Geithner said there was "no risk" the United States would lose its AAA credit rating, remarks considered supportive following sharp losses on Monday after ratings agency Standard & Poors issued a revised negative credit outlook for the United States. [ID:nN18195555]
Traders await weekly inventory data, which is forecast to show in a Reuters poll that domestic crude inventories rose last week by 1.1 million barrels. [EIA/S]
Gasoline stockpiles fell 1.5 million barrels and distillate supplies were unchanged from the previous week's level, the poll also showed.
* On the New York Mercantile Exchange, May crude CLK1, which expired at the close, settled at $108.15 a barrel, up $1.03, or 0.96 percent, after trading from $105.50 to $108.45.
* The day's low held above last week's low of $105.31, providing a technical lift for the contract.
* In London, ICE Brent crude for June delivery LCOM1 settled at $121.33 a barrel, down 28 cents, or 0.23 percent, on demand worries, after trading from $119.03 to $122.29. A weaker dollar attracted some buyers, helping limit the day's losses.
* Brent's premium against the U.S. June contract CLM1 narrowed to $13.05, from $13.92 at the close on Monday. CL-LCO1=R
* OPEC Secretary General Abdullah Al-Badri said there was no shortage of oil in the global market. [ID:nPOM923543]
* Iran said an increase in crude output would not help bring down global oil prices, a day after other OPEC members said costly oil was hurting fragile consumer economies. [ID:nPOM926808]
* Britain said it would send military officers to advise Libyan rebels to improve organization and communications, but would not arm or train them to fight.[ID:nLDE73I1A7]
* Yemeni police opened fire on protesters in Sanaa and Taiz, killing at least three people, as anti-government protests raged to end President Ali Abdullah's 32-year rule escalated. [ID:nLDE73I1BU]
* Japan is shipping its first oil products since the March earthquake, weighing on premiums for the fuel. [ID:nL3E7FJ0OL]
* U.S. housing starts and permits for future home building rebounded strongly in March, government data showed. [ID:nB19276760]
* The euro rebounded against the dollar on strong economic data from France and Germany overshadowing fears that Greece may have to restructure its debt. [USD/]
* Encouraging results in health care and materials companies lifted Wall Street, but weak earnings from Goldman Sachs limited gains. [.N]
* U.S. gold futures hit a record high above $1,500 an ounce and silver surged as the dollar weakened. [GOL/]
* Copper rose close to 1 percent, clawing back some ground after six straight days of losses, helped by a weaker dollar and the strong U.S. housing data. [MET/]
* U.S. Energy Information Administration weekly oil inventory data, 8:30 a.m. EDT (1230 GMT), Wednesday.
SETTLE NET PCT LOW HIGH CURRENT DAY AGO
CHNG CHNG VOL VOL CLc1 108.15 1.03 1.0% 105.50 108.45 31,488 138,178 CLc2 108.28 0.59 0.6% 106.01 109.10 307,419 288,280 LCOc1 121.33 -0.28 -0.2% 119.03 122.29 218,522 158,605 RBc1 3.2331 -0.0197 -0.6% 3.1979 3.2591 26,741 35,964 RBc2 3.1993 -0.0191 -0.6% 3.1615 3.2246 40,563 36,524 HOc1 3.1585 -0.0243 -0.8% 3.1197 3.1891 33,060 34,459 HOc2 3.1725 -0.0227 -0.7% 3.1325 3.2042 46,450 34,571 TOTAL MARKET VOLUME OPEN INTEREST
CURRENT Apr 18 30D AVG Apr 18 NET CHNG CRUDE 514,680 574,331 657,750 1,545,215 7,807 RBOB 107,474 104,601 111,511 294,593 -4,373 HO 116,213 97,265 118,195 311,201 1,747 (Reporting by Gene Ramos and Robert Gibbons;editing by Sofina Mirza-Reid)
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