NEW YORK, Sept 16 (Reuters) - U.S. crude futures seesawed near unchanged on Wednesday, with support from the weak dollar and recovery optimism lifting equities markets. The dollar was lower against the euro and yen on Wednesday after U.S. Treasury data showed a sharp increase in net capital outflow from the United States in July. [USD/] "Oil is real, data ephemeral," said Mike Fitzpatrick, vice president at MF Global in New York, commenting on crude futures strength in the face of high inventories and tepid demand. Oil markets await government oil inventory data after a surprising industry data released late on Tuesday. The American Petroleum Institute said on Tuesday that crude stocks rose 631,000 barrels last week. [ID:nN1577720] Gasoline stocks rose 1.3 million and distillate stocks jumped 5.2 million barrels, the API said. A Reuters survey of analysts had forecast crude to be down 2.4 million barrels, with gasoline supplies expected to be up 600,000 barrels and distillate stocks up 1.3 million barrels. The U.S. Energy Information Administration's inventory report is due at 10:30 a.m. EDT (1430 GMT). The Labor Department said on Wednesday its Consumer Price Index rose 0.4 percent in August after having been flat in July. Gasoline prices surged 9.1 percent. Compared with the year-ago period, consumer prices declined 1.5 percent. Stripping out volatile energy and food prices, the closely watched core measure of consumer inflation rose 0.1 percent in August after rising 0.1 percent in July. [ID:nN15416331] PRICES * On the New York Mercantile Exchange, at 9:50 a.m EDT (1350 GMT), October crude CLV9 was up 13 cents, or 0.18 percent, at $71.06 a barrel, trading from $70.14 to $71.42. * NYMEX October RBOB RBV9 was near flat, down 0.52 cent, or 0.29 percent, to $1.7840 a gallon, trading from $1.7664 to $1.7920. * NYMEX October heating oil HOV9 fell 1.24 cents, or 0.7 percent, to $1.7677 a gallon, trading from $1.7534 to $1.7805. * The October/October RBOB crack spread <0#RB-CL=R> was at $3.89, after ending at $4.22 on Tuesday. The October/October heating oil crack spread <0#CL-HO=R> was at $3.38, after ending at $3.83 on Tuesday. * The spread between the current front month and the five-year forward crude contract CLc61 was at $12.33, based on the October 2014 contract Tuesday settlement at $83.39. The spread ended Tuesday at $12.46. TECHNICALS NYMEX crude 10-day/20-day moving average: $69.82/$70.91 Technical support/resistance: NYMEX crude: $68.02/$72.90 NYMEX heating oil: $1.7305/$1.7817 NYMEX RBOB: $1.7429/$1.7978 For a full report on technicals, click on [ID:nLG093707] MARKET NEWS * Global equities rose to new 11-month peaks, with more and more investors joining the rush to sell low-yield dollars in favor of growth-oriented stocks and commodities. [MKTS/GLOB] * OPEC may need to cut oil supply next year to match a fall in demand for the group's crude, a Kuwaiti OPEC delegate said in a column published in a Kuwaiti newspaper. [ID:nLG49864] * Nigeria's main militant group said it was extending a two-month-old cease-fire in the oil-producing Niger Delta by 30 days but warned the government an amnesty program had not yet tackled key issues.

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