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RTRS: NYMEX-Crude slips on dollar rise, equities dip
 
* Dollar broadly stronger, but euro pares loss
* Protesters clash with authorities in Iran
NEW YORK, Sept 18 (Reuters) - U.S. crude oil futures
slipped on Friday as the dollar's strength and weaker global
equities weighed even as protests in Iran helped keep the
geopolitical risk premium associated with oil prices in focus.
The dollar rose against most major currencies on Friday,
clawing up from a one-year low against the euro as a lower risk
appetite cut demand for higher-yielding currencies. [USD/]
But the euro pared some losses near oil's open outcry floor
session in New York, sources noted, helping crude oil futures
pare losses.
Global equities came under pressure after scaling an
11-month peak. [MKTS/GLOB]
U.S. stocks opened slightly higher as investors sought to
determine whether a pullback is on the horizon after a
six-month rally and the market braced for options expiration.
[.N]
Iran security forces clashed with supporters of opposition
leader Mirhossein Mousavi and arrested at least 10 of them
during annual anti-Israel rallies in Tehran on Friday, a
witness said. [ID:nHAF825799]
"As we have repeatedly mentioned, the vagaries of the
marketplace that affected direction before the current economic
calamity are extant, particularly geopolitics, as events in
Iran clearly demonstrate," Mike Fitzpatrick, vice president at
MF Global in New York, said in a research note.
Crude and refined products futures also have felt some
pressure from high inventories, especially of products, which
have also weighed on crack spreads.
PRICES
* On the New York Mercantile Exchange, at 10 a.m EDT (1400
GMT), October crude CLV9 was down 36 cents, or 0.5 percent,
at $72.11 a barrel, in choppy trading from $71.27 to $72.66.
* In London, November Brent crude LCOX9 was down 23
cents, or 0.32 percent, to $71.32 a barrel, trading from $70.51
to $71.75.
* NYMEX October RBOB RBV9 fell 1.22 cents, or 0.66
percent, to $1.8390 a gallon, trading from $1.8220 to $1.8534.
* NYMEX October heating oil HOV9 fell 0.37 cent, or 0.2
percent, to $1.8372 a gallon, trading from $1.8178 to $1.8484.
* The October/October RBOB crack spread <0#RB-CL=R> was at
$5.17, after ending at $5.28 on Thursday. The October/October
heating oil crack spread <0#CL-HO=R> was at $5.04, after ending
at $4.85 on Thursday.
* The spread between the current front month and the
five-year forward crude contract CLc61 was at $13.27, based
on the October 2014 contract Thursday settlement at $85.38. The
spread ended Thursday at $12.91.
TECHNICALS
NYMEX crude 10-day/20-day moving average: $70.83/$70.96
Technical support/resistance:
NYMEX crude: $70.00/$75.00
NYMEX heating oil: $1.7856/$1.85
NYMEX RBOB: $1.82/$1.90
For a full report on technicals, click on [ID:nLI684769]
MARKET NEWS
* Copper fell while lead dropped more than 5 percent as
more stock increases and the expectation of further declines in
Chinese imports reinforced concerns metals prices had raced
ahead of fundamentals. [ID:nLI459856]
* The U.N. nuclear agency has no proof that Iran has or
once had a covert atomic bomb program, it said on Thursday,
dismissing a report that it had concluded Iran was on its way
to producing nuclear weapons. [ID;nLH13317]
* Global equities came under pressure on Friday after
scaling an 11-month peak as investors took stock of recent
hefty gains, giving the downtrodden dollar a reprieve and
shoring up government bonds. [MKTS/GLOB]
Source