* API: crude stocks down sharply, products up slightly

* Wall St slips, dollar up on consumer confidence report

* July RBOB, heating oil expire sharply lower

NEW YORK, June 30 (Reuters) - U.S. crude oil futures pared
losses in post-settlement trading on Tuesday after industry
inventory data showed crude stocks fell much more than expected
last week.

Gasoline and heating oil futures also trimmed losses as the
industry data showed that gasoline and distillate supplies rose
far less than forecast.

Earlier, crude futures ended down sharply as a report by a
private business research group that consumer confidence fell
unexpectedly in June sparked renewed worries about oil demand.

The Conference Board's report weighed on Wall Street but
boosted the dollar against the euro on renewed risk aversion,
Both developments combined to knock down NYMEX August crude
futures from an early high above $73. [.N] [USD/]

The American Petroleum Institute, in a report released at
4:40 p.m. EDT (2040 GMT) said that domestic crude stocks fell
6.8 million barrels, to 349.7 million barrels last week.

Gasoline stocks rose 209,000 barrels, to 211.6 million
barrels, and distillate stocks, which include heating oil and
diesel fuel, increased 723,000 barrels, to 154.6 million
barrels.

In an expanded Reuters poll, analysts had forecast that
U.S. crude oil inventories fell 2.0 million barrels. The poll
also forecast that gasoline stocks rose 1.9 million barrels and
distillate supplies increased 1.5 million barrels. [EIA/S]

"The almost 7 million barrel drawdown in crude stocks in
the API report is certainly bullish. And the fact that there
were only small builds in gasoline and distillate stocks
certainly adds to the bullishness," said Mark Waggoner,
president of Excel Futures in Huntington Beach, California.

"But people will still want to know what the DOEwill say
tomorrow," he added.

The U.S. Energy Information Administration, the statistical
arm of the Department of Energy, will issue its own report at
10:30 a.m. EDT (1430 GMT) on Wednesday.

Earlier trading was volatile due to month-end, quarter-end
and half-year book-squaring in the foreign exchange and oil
futures markets.

PRICES

* On the New York Mercantile Exchange, August crude CLQ9
was down 89 cents or 1.24 percent, at $70.60 a barrel. It had
earlier settled down $1.60, or 2.24 percent, at $69.89, trading
from $68.90 to $73.38, highest since Oct. 21 when crude hit
$75.69.

* In London, August Brent crude LCOQ9 was down $1.19, or
1.68 percent, at $69.80 a barrel. It had settled down $1.69, or
2.38 percent, at $69.30, trading from $68.40 to $73.50.

* NYMEX August RBOB RBQ9 was down 1.30 cents, or 0.67
percent, at $1.9224 a gallon. Earlier, July RBOB RBN9 expired
and settled down 3.86 cents, or 1.99 percent, at $1.8972,
trading from $1.8850 to $1.9750.

* NYMEX August heating oil HOQ9 was down 2.85 cents, or
1.55 percent, at $1.8052 a gallon. July heating oil HON9
earlier expired and settled down 6.55 cents, or 3.67 percent,
at $1.7180, trading from $1.7080 to $1.81.

* The August/August RBOB crack spread <0#RB-CL=R> ended at
$9.99, up from $9.80 on Monday. The August/August heating oil
crack spread <0#CL-HO=R> ended at $5.19, falling from $5.53 on
Monday.

* The spread between the current front month and the
five-year forward crude contract CLc61 ended at $13.90,
widening from $13.57 on Monday. The August 2014 contract
settled at $83.79, down $1.27, or 1.49 percent.

TECHNICALS

NYMEX crude 10-day/20-day moving average: $69.95/$69.91

Technical support/resistance:

NYMEX crude: $70.00/$73.38

NYMEX heating oil: $1.75/$1.82

NYMEX RBOB: $1.92/$2.00

For a full report on technicals, click on [ID:nLU695123]

MARKET NEWS

* The Conference Board's U.S. consumer confidence index
fell in June, to 49.3, from a downwardly revised 54.8 in May.
Economists polled by Reuters had forecast a reading of 55.0.
[ID:nN30517712]

* Attacks by Nigerian militants in recent days have cut oil
output from Royal Dutch Shell (RDSa.L: Quote, Profile, Research) operated facilities to
around 140,000 barrels per day. [ID:nLU234097]
(Reporting by Gene Ramos and Robert Gibbons; Editing by David
Gregorio)