NYMEX-Crude dips as Wall Street extends losses

* Aug. consumer confidence down-Reuters/UMich poll

* Dollar down versus euro, equities slip

* U.S. consumer spending rose in July, as expected

NEW YORK, Aug 28 (Reuters) - U.S. crude oil futures fell
back midday on Friday as U.S. equities extended losses, stung
by weaker consumer confidence data.

Crude had trimmed gains earlier after the downbeat consumer
confidence report cut down Wall Street's early advance.

Technical analysts expected front-month crude futures to
hold in range, with $75, the 10-month high hit on Tuesday,
being the top end. [ID:nLS116657]

The dollar slipped against the euro, with investors
sticking to riskier currency bets as global stocks held gains
despite a report showing U.S. consumer confidence fell in
August. [USD/]

The Reuters/University of Michigan final August consumer
sentiment index for August fell to 65.7 from 66.0 in July. It
was the lowest reading in four months. [ID:nN28358241]

The survey cited worries over high unemployment and dismal
personal finances as catalysts for the dip.

U.S. equities earlier gave up most of their gains after an
initial spike to 10-month highs, on the weak consumer
sentiment, offsetting earlier upbeat corporate earnings news.
[.N]

Early economic data showed that U.S. consumer spending rose
as expected in July, lifted by the government's
"cash-for-clunkers" program that fueled demand for autos.

The Commerce Department said spending rose 0.2 percent
after increasing by a revised 0.6 percent in June, previously
reported as a 0.4 percent gain. [ID:nN28359458]

The second quarter U.S. gross national product data and
weekly jobless benefit claims released on Thursday were better
than expected, adding more signs of economic recovery.

PRICES

* On the New York Mercantile Exchange, at 12:25 EDT (1625
GMT), October crude CLV9 was down 45 cents, or 0.62 percent,
at $72.04 a barrel, trading from $72.01 to $73.52.

* In London, October Brent crude LCOV9 was down 29 cents,
or 0.4 percent, at $72.22 a barrel, trading from $71.91 to
$73.35.

* NYMEX September RBOB RBU9 was down 0.04 cent, or 0.02
percent, at $2.0310 a gallon, trading from $2.0305 to $2.0619.

* NYMEX September heating oil HOU9 was down 0.82 cent, or
0.44 percent, at $1.8510 a gallon, trading from $1.8452 to
$1.8889.

* The October/October RBOB crack spread <0#RB-CL=R> was at
$7.12 after ending at $6.82 Thursday. The October/October
heating oil crack spread <0#CL-HO=R> was at $6.90, after ending
at $6.68 on Thursday.

* The spread between the current front month and the
five-year forward crude contract CLc61 was at $14.36, based
on the October 2014 contract settlement on Thursday at $86.40.
The front-month spread ended at $13.91 on Thursday.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $72.83/73.24

Technical support/resistance:

NYMEX crude: $70.00/73.00

NYMEX heating oil: $1.8000/$1.9000

NYMEX RBOB: $2.0000/$2.1000

For a full report on technicals, click on [ID:nLS116657]

MARKET NEWS

* U.S. oil demand in June was 339,000 barrels per day more
than previously estimated, but still down 916,000 bpd from a
year earlier, the Energy Information Administration said
Friday. [ID:nWBT013098]

* Frontier Oil Corp (FTO.N) said that a gasoline reformer
unit was shut at its 130,000 bpd refinery in El Dorado, Kansas,
following a Thursday flange fire. [ID:nN28261439] Frontier also
said it will start in early October, as planned, work on a
gasoline and a gofiner unit at the refinery.[ID:nN28367135]
(Reporting by Gene Ramos; Editing by David Gregorio)