NEW YORK, Nov 5 (Reuters) - U.S. crude oil futures extended
losses midday on Thursday as traders worried about weak oil
demand amid a cautious economic outlook, even though the number
of new claims for jobless benefits shrank last week.

"Economic indicators continue to show an economy on the
mend, but we are not seeing any real signs of that in energy
demand," said Peter Beutel, president of Cameron Hanover in New
Canaan, Connecticut.

"There were still 500,000 new (jobless) claims and the
economy is still muddled. While the EIA data had crude supply
lower, product supplies weren't very much lower, even though
refinery use fell 1.2 percentage points," said Gene McGillian,
analyst at Tradition Energy in Stamford, Connecticut.

Oil traders shrugged off robust gains on Wall Street, where
strong results from Cisco Systems lifted technology stocks and
an expansion in business productivity and the jobless claims
data encouraged investors about the economy. [.N]

Early dollar strength had helped pressure oil, but the euro
traded well off its session lows against the dollar after
European Central Bank President Jean-Claude Trichet said the
euro zone economy will recover next year. [ID:nN05112310]

The number of U.S. workers filing new claims for jobless
insurance fell more than expected last week to 512,000, a
10-month low, the Labor Department said, with continuing claims
dropping to the lowest since March. [ID:nN05106320]

U.S. non-farm productivity in the third quarter rose at its
fastest pace in six years, government data showed on Thursday.
[ID:nN05106320]

Domestic crude oil inventories fell 4.0 million barrels
last week, Wednesday's data from the U.S. Energy Administration
showed, surprising oil traders. U.S. total oil product demand
over the past four weeks was down 4.5 percent from a year ago,
the EIA said. [EIA/S]

Much anticipated October U.S. non-farm payrolls employment
data is set for release on Friday.

PRICES

* On the New York Mercantile Exchange at 12:25 p.m. EST
(1725 GMT), December crude CLZ9 was down 74 cents, or 0.92
percent, at $79.66 a barrel, trading from $79.34 to $80.52.

* In London, December Brent crude LCOZ9 was down 79
cents, or 1 percent, at $78.10 a barrel, trading from $77.80 to
$78.95.

* NYMEX December RBOB RBZ9 shed 2.22 cents, or 1.1
percent, at $1.9905 a gallon, trading from $1.9860 to $2.0230.

* NYMEX December heating oil HOZ9 dropped 2.02 cents, or
0.97 percent, to $2.07 a gallon, trading from $2.0633 to
$2.0920.

* The December/December RBOB crack spread <0#RB-CL=R> was
at $4.51, after ending at $4.13 on Wednesday. The
December/December heating oil crack spread <0#CL-HO=R> was at
$7.34, after ending at $7.39 on Wednesday.

* The spread between the current front month and the
five-year forward crude contract CLc61 was at $13.26, based
on the December 2014 contract Wednesday settlement at $92.92.
The spread ended Wednesday at $12.52.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $79.16/$78.17

Technical support/resistance:

NYMEX crude: $78.16/$82.00

NYMEX heating oil: $1.9650/$2.1289

NYMEX RBOB: $1.9330/$2.0751

For a full report on technicals, click on [ID:nL5040502]

MARKET NEWS

* Hurricane Ida made landfall in Nicaragua's Caribbean coast on Thursday. The storm was moving slowly and the
National Hurricane Center forecast it passing over Central
America and regaining strength by Monday off Mexico's Yucatan
peninsula, which could take it into the Gulf of Mexico.
[ID:nN0599086]

* To see Ida's projected path, here's a graphics link:
here

* U.S. natural gas storage rose by 29 billion cubic feet
last week, the EIA said, just below the 31 bcf build forecast
in a Reuters poll of analysts. [ID:nEIA000832]

* U.S. comparable chain store sales rose 2.1 percent in
October from a year earlier, the International Council of
Shopping Centers said on Thursday. [ID:nNYS007501]

* Mexico's Coatzacoalcos oil terminal, closed due to bad
weather since Tuesday afternoon, reopened on Thursday morning,
while the nearby Dos Bocas oil port remained closed due to high
waves, the government said. [ID:nN05125301]
(Reporting by Gene Ramos and Robert Gibbons; Editing by Walter
Bagley)