NEW YORK, Nov 19 (Reuters) - U.S. crude oil futures nursed losses of
more than 2 percent on Thursday, as Wall Street declined broadly on worries
about corporate earnings and shrugged off generally positive economic data
for the day.

The dollar [USD/] rose as risk appetite soured amid the fall in
equities and commodity prices, including oil futures.

"Crude futures are down today because the stock market is under selling
pressure as investors are assessing where the economy is really going,"
said Peter Beutel, president, Cameron Hanover, Stamford, Connecticut.

"Oil investors are not only worried about demand being weak for oil but
also that demand is weak in other parts of the economy," Beutel added.

U.S. natural gas supply continued to rise, government data showed. That
added to fuel demand worries as crude and other petroleum inventories
remain ample, despite Wednesday's government data showing stockpiles down
across the board last week. [EIA/S]

The government forecast that December temperatures would have an equal
chance of being above or below average in the U.S. Northeast and would show
above average temperatures for the Midwest and Great Lakes.
[ID:nWBT013338]

The bearish forecast hit heating oil futures hard.

Gasoline futures fell back, moving down with crude.

U.S. stocks fell, with all major indexes dropping more than 1 percent
on weakness in the technology and health insurance sectors, even though
data showed no change in weekly jobless benefit claims and economic
indicators were more on the positive side. [.N]

PRICES

* On the New York Mercantile Exchange at 2 p.m. EST (1900 GMT),
December crude CLZ9, which expires on Friday, was down $2.10, or 2.64
percent, at $77.48 a barrel, trading from $77.06 to $79.87.

* In London, January Brent crude LCOF0 was down $1.86, or 2.34
percent, at $77.61 a barrel, trading from $77.20 to $79.79.

* NYMEX December RBOB RBZ9 was down 4.98 cents, or 2.48 percent, at
$1.9916 a gallon, trading from $1.9556 to $2.0204.

* NYMEX December heating oil HOZ9 was down 5.36 cents, or 2.62
percent, at $1.9950 a gallon, trading from $1.9845 to $2.0569.

* The December/December RBOB crack spread <0#RB-CL=R> was at $4.91,
after ending at $4.90 on Wednesday. The December/December heating oil crack
spread <0#CL-HO=R> was at $6.31, after ending at $6.46 on Wednesday.

* The spread between the current front month and the five-year forward
crude contract CLc61 was at $16.13, based on the December 2014 contract
Wednesday settlement at $93.61. The spread ended Wednesday at $14.03.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $78.51/$78.79

Technical support/resistance:

NYMEX crude: $78.48/$80.39

NYMEX heating oil: $2.0114/$2.1056

NYMEX RBOB: $1.9580/$2.0518

For a full report on technicals, click on [ID:nLJ387696]

MARKET NEWS

* Mexico's state oil company Pemex will likely tap external markets to
raise funding for projects in 2010 as it seeks to hold oil output steady at
2.5 million barrels per day, the company's CEO said on Thursday.
[ID:nN19180046]

* OPEC seaborne oil exports, excluding Angola and Ecuador, will rise by
50,000 barrels per day in the four weeks to Dec. 5, UK consultancy Oil
Movements, which tracks future shipments, said on Thursday. [ID:nWLA8679]

* EIA data showed that domestic natural gas storage rose 20 billion
cubic feet to another all-time high of 3.8 trillion cubic feet in the week
to Nov. 13. [ID:nPRWP154]

* Factory activity in the U.S. Mid-Atlantic region grew in November for
the fourth month in a row, and faster than expected, a Philadelphia
Federal Reserve Bank survey showed. [ID:nN18115880]

* A gauge of the U.S. economy's prospects rose for a seventh straight
month in October to a two-year high, the Conference Board's index of
leading economic indicators showed. [ID:nN18115880]

* OPEC could decide to raise oil output slightly at its meeting on Dec.
22 if there were to be a substantial rise in oil demand and prices,
Nigeria's oil minister, Rilwanu Lukman, said. [ID:nLJ432740 ] * The
Organization for Economic Cooperation and Development raised its global
growth forecast for next year to 3.4 percent from the 2.3 percent it was
predicting as recently as June, after an estimated contraction of 1.7
percent in 2009. [ID:nLJ305326 ]
(Reporting by Gene Ramos and Robert Gibbons;
Editing by John Picinich)