NYMEX-Crude down 5th day on weak Japan, U.S. data

* Weak growth in Japan, U.S. data spur demand worry

* POLL – U.S. crude, gasoline stocks down last week

* Coming up: API petroleum inventory data due Tuesday

NEW YORK, Aug 16 (BestGrowthStock) – Crude oil futures ended lower
for the fifth consecutive session on Monday as weak economic
data from Japan and the United States fueled more worries about
energy demand, erasing support from a weaker dollar.

The down day extended the oil market’s losing streak to
five sessions, with losses rising to more than 7 percent, the
worst performance since a similar period ending July 6.

Heating oil and gasoline futures also further lost ground
for a fifth day in a row,

FUNDAMENTALS

* On the New York Mercantile Exchange, crude for September
delivery (CLU0: ) settled down 15 cents, or 0.2 percent, at
$75.24 a barrel, after trading $74.86 to $75.95.

* In five sessions, the contract has fallen $6.24, or 7.66
percent, the biggest percentage loss for a five-day period
since June 29 to July 6, when prices fell $6.27, or 8.01
percent.

* NYMEX September heating oil futures (HOU0: ) ended lower
for the fifth straight day, with losses adding up to 16.5
cents, or 7.66 percent in that period.

* NYMEX September RBOB (RBU0: ) finished down for the fifth
consecutive session, racking up losses of 19.44 cents or l9.18
percent in that stretch.

* U.S. crude stocks fell 1.1 million barrels, gasoline
supplies dipped 200,000 barrels and distillate inventories
gained 1.3 million barrels, a preliminary Reuters poll ahead of
weekly inventory reports showed Monday. [EIA/S]

* Remnants of Tropical Depression 5 strengthened in the
Gulf of Mexico south of the Florida Panhandle continued to have
a 60 percent chance of redeveloping into a tropical depression
over the next 48 hours, the U.S. National Hurricane Center said
Monday. [nN16220873]

MARKETS NEWS

* The U.S. dollar fell against major currencies on negative
sentiment stemming from weak growth data in Japan. [USD/]

* On Wall Street, technology shares rose, lifting the
Nasdaq Composite Index (.IXIC: ). The Standard & Poor’s 500 Index
and the Dow industrials average (.DJI: ) fell modestly. [.N]

* U.S. copper futures ended higher on the slightly firmer
tone on Wall Street and renewed dollar weakness we eon U.Z

* Gold futures rose to a 1-1/2 month high, up for a third
consecutive session, on safe-haven buying after the gloomy
Japanese economic data. [GOL/]

* Japan’s economy grew just 0.1 percent in the second
quarter, below forecasts. [ID:nTOE67901S].

* U.S. home builder sentiment fell for a third straight
month in August to its lowest level in nearly 1-1/2 years
and the Empire State manufacturing index missed forecasts.
[ID:nN16205304]

UPCOMING DATA/EVENTS

* Aug. 17: Options on NYMEX Sept crude oil futures expire

* Aug. 17: July U.S. housing starts, producer prices

* Aug. 18: Energy Information Administration weekly stocks

* Aug. 20: NYMEX Sept crude oil futures expire

SETTLE NET PCT LOW HIGH CURRENT DAY AGO

CHNG CHNG VOL VOL
CLc1 75.24 -0.15 -0.2% 74.86 75.95 200,542 286,126
CLc2 75.60 -0.17 -0.2% 75.23 76.34 96,465 110,540
LCOc1 74.85 -0.26 -0.3% 74.53 75.75 20,066 123,239
RBc1 1.9243 -0.0153 -0.8% 1.9185 1.9559 26,443 42,048
RBc2 1.8785 -0.0062 -0.3% 1.8710 1.9053 21,782 33,204
HOc1 1.9888 -0.0068 -0.3% 1.9821 2.0134 29,509 43,580
HOc2 2.0164 -0.0078 -0.4% 2.0108 2.0415 14,797 18,406
TOTAL MARKET VOLUME OPEN INTEREST

CURRENT Aug 13 30D AVG Aug 13 NET CHNG
CRUDE 403,790 546,897 571,074 1,301,692 -8,288
RBOB 68,538 106,518 102,600 252,253 5,677
HO 64,167 93,800 97,006 298,708 -7
(Reporting by Gene Ramos and Robert Gibbons; Editing by
Marguerita Choy)

NYMEX-Crude down 5th day on weak Japan, U.S. data