NYMEX-Crude rises on heating demand, down dollar

* U.S. crude futures slightly higher in thin trade

* Heating oil demand, weaker dollar support prices

* U.S. Northeast digging out from blizzard

* Coming up: U.S. Consumer Confidence Index (10 a.m. EST)

NEW YORK, Dec 28 (BestGrowthStock) – U.S. crude oil futures prices rose Tuesday
to just below the 26-month high they had hit in the previous session after
the blizzard in U.S. Northeast boosted demand for heating oil.

The dollar’s broad fall likewise buoyed crude oil futures.

The climb came ahead of an expected higher reading from the monthly
U.S. consumer confidence data to be released later Tuesday morning.

Oil briefly hit its third successive 26-month high in razor thin
trading on Monday but dipped lower, ending a five-day rally, after a
Chinese rate increase threatened to slow demand and a major East Coast
refinery resumed operations.

The massive blizzard that hit the Northeast slowed trading on Monday
but did not have a significant effect on refinery operations in the

New York City and surrounding areas were hit hardest by the storm,
which swept up the Atlantic Coast on Sunday night and through the Monday
morning commute, burying cities in knee-deep snow and unleashing winds of
up to 59 mph (95 kph). [ID:nN28243401]


* On the New York Mercantile Exchange, February crude (CLG1: ) rose 56
cents, or 0.62 percent, to $91.56 a barrel, at 9:08 EST (1408 GMT).

* Crude oil futures broke above 26-month highs for the third straight
trading session to rise as high as $91.88 on Monday, their highest since
October 2008.

* Floor trading was delayed for two hours on Monday at the New York
Mercantile Exchange after the blizzard that pummeled Northeastern United
States clogged traffic in the area.


* The dollar extended losses versus the yen Tuesday, hitting its lowest
level since mid November in thin trading that exaggerated moves. [USD/]

* The Euro also jumped against the dollar, rising to its highest in
almost a week, after stop-loss orders were triggered at $1.32. [ID:

* U.S stock index futures rose ahead of consumer confidence data due
out later on Tuesday morning after Japanese factory output rose for the
first time in six months renewing hopes for a global economic recovery.


* U.S. Consumer Confidence Index (1500 GMT) on Tuesday, forecast to
grow to 56.0 up from 54.1 in November. (USCONC=ECI: )

CLc1 91.39 0.39 0.4% 90.75 91.67 20,953 145,007
CLc2 92.11 0.37 0.4% 91.55 92.39 5,785 43,401
LCOc1 94.08 0.23 0.3% 93.66 94.28 13,297 38,026
RBc1 2.4264 0.0055 0.2% 2.4144 2.4314 390 17,991
RBc2 2.4128 0.0060 0.3% 2.4018 2.4202 941 22,148
HOc1 2.5245 0.0079 0.3% 2.5129 2.532 537 22,785
HOc2 2.5350 0.0084 0.3% 2.5220 2.5425 1,825 28,380
* NYMEX crude oil for February (CLc1: ) rose 39 cents to $91.39 a barrel by
9:10 a.m. in volume of 20,954 lots.
(Reporting by Selam Gebrekidan; Editing by John Picinich)

NYMEX-Crude rises on heating demand, down dollar