NYMEX-Crude holds below $80 after rise on storm, dollar

TOKYO, Nov 10 (Reuters) - U.S. crude futures steadied under
$80 a barrel on Tuesday after jumping over 2 percent the previous
day, when they were lifted by a weaker dollar and disruption to
oil production as a tropical storm approached the U.S. Gulf
Coast.

FUNDAMENTALS

* NYMEX crude for December delivery CLc1 was up 2 cents at
$79.45 a barrel by 0020 GMT, after settling up $2.00 on Monday,
when Tropical Storm Ida shut 30 percent of U.S. offshore oil
production and more than a quarter of natural gas output.
[ID:nSP281311] [ID:nN09263651]

* U.S. crude oil inventories last week look to have risen
slightly due to higher imports, according to analysts polled by
Reuters late on Monday. [EIA/S]

Industry group American Petroleum Institute (API) will
release weekly inventory data later on Tuesday, while a report
from the U.S. Energy Information Administration (EIA) will be
delayed from Wednesday to Thursday due to a holiday.

MARKETS NEWS

* Japan's Nikkei average rose 0.9 percent on Tuesday, buoyed
by a broad range of shares after Wall Street climbed, with
Mitsubishi Corp and other trading firms up on higher commodities
prices. [.T]

* The dollar was under renewed selling pressure on Tuesday
while the euro and higher-yielding currencies revisited recent
highs as investors piled on to leveraged carry trades. [FRX/]

* The 19-commodity Reuters-Jefferies CRB index .CRB, which
tracks 19 mostly U.S.-traded commodity markets, jumped 1.7
percent on Monday as gold rose above $1,100 and oil, copper and
crop prices rallied as the dollar fell. [COM/WRAP]

DATA/EVENTS

* The following data is expected on Tuesday:

- ICSC/Goldman Sachs Weekly U.S. Chain Store Sales (1245 GMT)

- Redbook Weekly U.S. Retail Sales (1355 GMT)

- U.S. IBD/TIPP November Consumer Confidence Index (1500 GMT)

- U.S. FDIC Chair Bair Speaks in New York (1715 GMT)

- API Weekly National Petroleum Report (2130 GMT)

- ABC U.S. Weekly Consumer Comfort Index (2200 GMT)

RELATED NEWS
> U.S. DOE doesn't expect to tap SPR oil due to Ida [nN09135234]
> Euro ministers agree deficit cuts to start 2011 [nL9237199]
> IEA 'whistleblower' says peak oil nearing-Guardian [nL9163687]

PRICES
Oil prices as of 0020 GMT
Contract Mnth Price Change Day ago pct MA-20*
NYMEX Contracts
US Crude DEC9 $79.45 +0.02 +$2.00 +2.58% $78.72
Heat Oil DEC9 205.76 -0.51 +5.92 +2.95% 203.72
RBOB DEC9 197.87 -0.31 +5.75 +2.99% 198.40
Natgas DEC9 $4.649 -0.021 +$0.075 +1.63% $4.755
ICE Contracts
Brent DEC9 NA +$1.90 +2.50% $76.98
Gasoil NOV9 NA +$21.75 +3.58% $630.11
Note: U.S. heating oil and RBOB gasoline contracts listed in
cents per gallon.
* = 20-day moving average for continuation month.
(Reporting by James Topham)