NYMEX-Crude edges up as Egypt protests continue

 * Egypt protesters still want Mubarak to quit now
 * Dollar strength curbs oil's gains
 * Coming up: CFTC positions data, 3:30 p.m. EST Friday
 NEW YORK, Feb 11 (Reuters) - U.S. crude oil futures prices edged up on
Friday as protests continued in Egypt and kept concerns that tensions could
disrupt oil flows or spread to major producers in the region in focus.
 In London, ICE Brent crude futures, with the March contract expiring on
Friday, pushed back above $102 a barrel. Europe is seen as more immediately
affected by any supply disruption resulting from the unrest in the region.
 The strength of the dollar helped curb U.S. oil's gains, brokers said.
 FUNDAMENTALS
 * On the New York Mercantile Exchange, March crude (CLH1: Quote, Profile, Research) rose 18
cents, or 0.2 percent, to $86.91 a barrel at 8:49 a.m. EST (1339 GMT),
trading from $86.68 to $87.77.
 * Egypt's powerful army gave guarantees that President Hosni Mubarak's
promised reforms would be carried out, but protesters insisted he quit now
and cranked up the pressure by massing outside his palace. [ID:nL3E7DB0FS]
 * The U.S. trade gap widened to $40.58 billion in December, up from
$38.32 billion in November, but only slightly more than the consensus
forecast for the December number to be $40.40 billion. [ID:nCLABDE7A4]
 * China must speed up resource tax reforms to fight pollution and also
make a priority of energy-saving to stave off "risky" dependence on foreign
supplies, Vice Premier Li Keqiang said in published remarks.
[ID:nTOE71AZS]
 * China's top refineries will process 1.4 percent more crude this month
versus January on a daily basis, the second increase in a row despite
pricier feedstock. [ID:nTOE719021]
 * Saudi Arabia will keep its crude supply to two European oil companies
in March steady from February, trade sources said. [ID:nLDE71A0XZ]
 * Iran lowered the official selling prices for March crude sold to term
customers in Europe, a company source said. [ID:nL3E7DB10V]
 * Simultaneous explosions on three gas pipelines jolted the nearby city
of Qom, the semi-official Mehr news agency reported. [ID:nMOS140982]
 MARKETS NEWS
 * World stocks fell for the third straight day, Wall Street looked set
to open weaker and Asian stocks were on track for their biggest weekly loss
in 9 months, partly on growing tensions in Egypt. [MKTS/GLOB]
 * The euro fell following a new bout of market jitters over the euro
zone's sovereign debt problems, while the dollar struck a one-month high
against the yen in the wake of Thursday's encouraging U.S. jobless claims
drop. [FRX/]
 * Gold prices were pressured in Europe by gains in the dollar and
lackluster investment demand for the metal after a raft of well-received
economic data boosted interest in other assets. [GOL/]
 * Copper slipped, falling further from this week's record high as a
higher dollar and concerns about Chinese demand dented sentiment. [MET/L]
 UPCOMING DATA/EVENTS
 * The Thomson Reuters/University of Michigan preliminary U.S. consumer
sentiment index, due at 9:55 a.m. (1455 GMT) is expected to read 75.0, up
from 74.2 in January.
 * ICE Brent March crude futures (LCOH1: Quote, Profile, Research) expiration Friday.
 * Commodity Futures Trading Commission positions data through Tuesday
at 3:30 p.m. EST (2030 GMT) on Friday.
8:49     LAST     NET    PCT     LOW    HIGH  CURRENT  DAY AGO
              CHNG   CHNG                      VOL      VOL
CLc1    86.91    0.18   0.2%   86.68   87.77   42,432  367,209
CLc2    90.33    0.39   0.4%   90.00   90.91   28,866  219,018
LCOc1  101.82    0.95   0.9%  101.15  102.03   12,297  130,453
RBc1   2.4932  0.0234   1.0%  2.4734  2.4950    1,854   49,501
RBc2   2.6432  0.0243   0.9%  2.6225  2.6440    2,338   39,772
HOc1   2.7272  0.0165   0.6%  2.7082   2.735    4,213   56,867
HOc2   2.7326  0.0165   0.6%  2.7157  2.7413    3,369   31,794
 * NYMEX crude oil for March (CLc1: Quote, Profile, Research) rose 18 cents to $86.91 a barrel by
8:49 a.m. in volume of 42,432 lots.
 (Reporting by Robert Gibbons; Editing by John Picinich)