NYMEX-Crude ends lower as Wall Street sags

* "High inventories in a period of slow demand" worry mkt

* U.S. stocks down on profit-taking after four-week rally

* Dollar up versus basket of currencies, but trade choppy

NEW YORK, Aug 10 (Reuters) - U.S. crude oil futures ended
lower on Monday in choppy trading, weighed by Wall Street's dip
on profit-taking after a four-week rally.

"Some things to consider here," said Phil Flynn, analyst at
PFGBest Research in Chicago. "Has the oil market priced in
expectations of an economic recovery? Or is the market fearful
of higher interest rates? On fundamentals, it's harder and
harder for the oil market to stay up because we have high
inventories in a period of low demand."

U.S. stocks extended their losses as retailers faltered and
investors booked profits after a four-week rally. [.N] The
decline follows Friday's sharp advance, when the Standard &
Poor's 500 Index climbed to a 10-month high.

The dollar gained for the third straight day against a
basket of currencies as investors continued to trade on strong
U.S. jobs numbers from Friday while awaiting the Federal
Reserve's statement after its two-day policy meeting that ends
on Wednesday. [USD/]

Heating oil and gasoline futures ended higher ahead of
weekly inventory reports forecast to show that distillate and
gasoline stocks fell last week. Distillates include heating oil
and diesel fuel.

A preliminary Reuters poll ahead of the industry and
government reports forecast an 800,000 barrel increase in crude
stocks, a 100,000 barrel drop in distillates supplies and a 1.2
million barrel decline in gasoline inventories. [EIA/]

PRICES

* On the New York Mercantile Exchange, September crude
CLU9 settled down 33 cents, or 0.47 percent, at $70.60 a
barrel, trading from $70.09 to $71.57.

* In London, September Brent crude LCOU9 was little
changed and settled down 9 cents, or 0.12 percent, at $73.50 a
barrel, trading from $73.04 to $74.26.

* NYMEX September RBOB RBU9 ended up 1.93 cents, or 0.96
percent, at $2.0274 a gallon, trading from $1.9884 to $2.0374.

* NYMEX September heating oil HOU9 finished up 1.54
cents, or 0.81 percent, at $1.9276 a gallon, trading from
$1.9042 to $1.9398.

* The September/September RBOB crack spread <0#RB-CL=R>
ended at $14.55, rising from $13.41 on Friday. The
September/September heating oil crack spread <0#CL-HO=R> ended
at $10.36, up from $9.38 on Friday.

* The spread between the current front month and the
five-year forward crude contract CLc61 ended at $16.75,
widening from $15.82 on Friday. The September 2014 contract
Monday settled at $87.35, up 60 cents, or 0.69 percent.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $69.55/$66.99

Technical support/resistance:

NYMEX crude: $70.00/$73.38

NYMEX heating oil: $1.8899/$1.9835

NYMEX RBOB: $2.00/$2.1090

For a full report on technicals, click on [ID:nLA280752]

MARKET NEWS

* A low pressure system west-southwest of the Cape Verde
Islands could develop into the first tropical cyclone of the
Atlantic hurricane season during the next two days, the U.S.
National Hurricane Center said Monday. [ID:nN10471056]

* Saudi Arabia will keep crude oil supplies to Asia and
Europe steady in September, sources said. [ID:nLA276001]
(Reporting by Gene Ramos and Robert Gibbons; Editing by Lisa
Shumaker)