* China's Nov refinery runs surge 9.1 pct on year to a
* U.S. employment ducks Superstorm's impact, slips to near
* Asian shares, base metals firm as China, U.S. data
* Coming Up: France's industrial output Oct; 0745 GMT
By Manash Goswami
SINGAPORE, Dec 10 Brent crude futures held above
$107 a barrel on Monday, snapping five straight days of losses,
as promising data out of the world's top two oil consumers
revived demand growth hopes in a well-supplied market.
A better U.S. jobs data and a rebound in China's factory
output pushed Asian shares, base metals and other riskier assets
higher, with oil getting additional support from a rise in
China's refinery runs to a record.
Investors are now waiting for more data from China due later
in the day for further evidence of a sustained recovery in the
world's second-biggest economy.
Brent gained 44 cents to $107.46 a barrel by 0205
GMT, ending its longest losing streak since early November.
Brent shed almost 4 percent in the previous week. U.S. oil
gained 30 cents to $86.23 a barrel.
"Investors are slightly more optimistic about China's
economic recovery than before and that is supportive for oil,"
said Ken Hasegawa, a commodity sales manager at Newedge Japan.
"But ample supplies of crude and an overall uncertainty about
the global economy is putting pressure on prices."
Hasegawa expects both the contracts to trade in a tight
range, with Brent between $106.50-$108 a barrel over the next
two days and U.S. crude between $85.50-$87.
Growth in China's factory output and retail sales jumped to
eight-month highs in November as consumer inflation bounced off
33-month lows, and analysts said the data showed the country is
enjoying an enviable mix of benign inflation and rebounding
Refinery runs in the country rose 9.1 percent 41.61 million
tonnes, or 10.125 million barrels per day (bpd), from a year
earlier as companies started new refining units and demand
started to recover modestly.
The data followed numbers out of the United States that
showed the unemployment rate fell to a near four-year low of 7.7
percent, defying predictions that Superstorm Sandy would deal a
big blow to the labour market.
(Editing by Himani Sarkar)