NYMEX-Crude seesaws as demand worry remains

* U.S. oil supply data expected to show fuel supplies up

* OPEC trims 2009 demand estimate

NEW YORK, July 14 (Reuters) - U.S. crude oil futures were little
changed Tuesday in seesaw trading as concerns about consumer demand
tempered an earlier rally on optimism reflected in a global equities
rally.

"This morning's rally seems to have run out of steam. The stock market
is range-bound also. Until the market can get above $61.50, crude still may
be vulnerable to the downside," said Tom Bentz, analyst at BNP Paribas
Commodity Futures Inc in New York.

U.S. stocks were little changed as positive earnings news offset data
pointing to weak consumer demand. [.N]

A burst of confidence in U.S. financial stocks had lifted global
equities. [MKTS/GLOB]

Oil traders will be eyeing this week's oil inventory data expected to
show supply fuel builds, especially distillate stocks, with heating oil
crack spreads already under pressure.

"This huge distillate surplus has contributed to a virtual 'body slam'
in the heating oil crack spreads within the past month as August
differentials have declined from almost $8 per barrel toward $3 per
barrel," Jim Ritterbusch, president of Ritterbusch & Associates, said in a
research note.

PRICES

* On the New York Mercantile Exchange at 1:43 p.m EDT (1743 GMT),
August crude CLQ9 was down 3 cents, or 0.05 percent, at $59.66 a barrel,
trading from $59.23 to $61.46.

* Monday's $58.32 intraday low was the lowest since prices fell to
$56.12 on May 18.

* NYMEX August crude oil options expire Thursday.

* In London, August Brent crude LCOQ9 rose 20 cents, or 0.33 percent,
to $60.89 a barrel, trading from $60.48 to $62.26. The August Brent
contract expires Thursday.

* NYMEX August RBOB RBQ9 rose 1.23 cents, or 0.75 percent, to $1.6517
a gallon, trading from $1.6359 to $1.6710.

* NYMEX August heating oil HOQ9 edged up 0.32 cent, or 0.21 percent,
to $1.5070 a gallon, trading from $1.4962 to $1.5409.

* The August/August RBOB crack spread <0#RB-CL=R> was at $9.64 after
ending at $9.16 Monday. The August/August heating oil crack spread
<0#CL-HO=R> was at $3.64 after ending at $3.46 Monday.

* The spread between the current front month and the five-year forward
crude contract CLc61 was at $19.03, based on the August 2014 contract
Monday settlement at $78.69. The spread ended Monday at $19.00.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $63.35/$66.58

Technical support/resistance:

NYMEX crude: $58.32/$60.85

NYMEX heating oil: $1.5030/$1.5520

NYMEX RBOB: $1.6050/$1.7010

For a full report on technicals, click on [ID:nLE395609]

MARKET NEWS

* U.S. retail sales rose a stronger-than-expected 0.6 percent in June,
but outside of autos and gasoline stations, demand remained tepid.
[ID:nN14252432]

* The yen slipped in choppy trade while the dollar struggled against
most major currencies. [USD/]

* OPEC trimmed its estimate for 2009 demand. [ID:nLE49961]

* U.S. crude oil inventories were expected to have fallen last week,
with refined products supplies higher, according to a Reuters analyst
survey on Tuesday. [EIA/S]

* Developed countries are expected to lose nearly 30 million jobs from
the end of 2007 through 2010, the Secretary General of the OECD said on
Tuesday. [ID:nSPG002413]
(Reporting by Robert Gibbons; Editing by John Picinich)