NYMEX-U.S. crude oil futures rise on stock data

SINGAPORE Feb 12 (Reuters) - U.S. crude oil futures climbed above $100 per barrel on Wednesday, buoyed by data from the American Petroleum Institute that showed crude stocks fell by 2.5 million barrels at a key U.S. delivery hub.

Expectations of increased demand due to cold weather in the United States, especially for distillates, also offered support. The U.S. Energy Information Administration will release its weekly inventory report later today.

Oil markets had a muted reaction to U.S. Federal Reserve Chair Janet Yellen's comments there would not be any abrupt changes in the Fed's monetary policy, and it will continue to reduce its stimulus. News Search ID:nL5N0LG1E6

FUNDAMENTALS

* U.S. crude for March delivery CLc1 rose 49 cents to $100.43 by 0025 GMT after closing at $99.94 on Tuesday.

* March Brent crude LCOc1 , which rose 5 cents on Tuesday to $108.68, had yet to start trading.

* U.S. crude inventories rose by 2.1 million barrels in the week to Jan. 31 to 362.9 million, although this was lower than analysts' expectations, data from industry group the American Petroleum Institute showed on Tuesday. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.5 million barrels News Search ID:nZXN043M00

* The U.S. Energy Information Administration cut its 2014 crude oil production forecast by 100,000 barrels per day (bpd) to 8.4 million bpd and by 100,000 bpd to 9.2 million bpd for 2015. News Search ID:nL2N0LG1IQ

* World oil demand will rise to 1.26 million barrels per day this year, the U.S. Energy Information Administration said on Tuesday, 50,000 bpd higher than an earlier EIA forecast. News Search ID:nEMS1UI5TC

* The U.S. Federal Energy Regulatory Commission extended an order for more propane supplies to the Northeast amid continuing freezing weather. News Search ID:nL2N0LG1ZW

* President Barack Obama warned of tough action against companies which violated sanctions against Iran on Tuesday even as the U.S. and five other world powers are working with Tehran on a deal over Iran's nuclear program. News Search ID:nL2N0LG1KK

MARKETS NEWS

* Asian shares rallied for a fourth straight session on Wednesday as risk appetites were whetted by an optimistic economic outlook from U.S. Federal Reserve Chair Janet Yellen, which diminished the need for safe havens such as the yen and bonds. News Search ID:nL3N0LG4QK

DATA/EVENTS

* The following data is expected on Wednesday:

- 0200 GMT China trade data CNTRD=ECI

- 0745 GMT France current account FRCA=ECI

- 1000 GMT Euro zone industrial production EUIPY=ECI

- 1900 GMT U.S. federal budget USGDEF=ECI

(Reporting By Keith Wallis; Editing by Richard Pullin)

((keith.wallis@thomsonreuters.com)(+65 6870 3803)(Reuters Messaging:keith.wallis.thomsonreuters.com@reuters.net))

 
((CRUDE OIL TRADES  
    Asia... ACRU/T       Europe... CRU/T     Americas... CRU/TU   
      
                       CRUDE OIL MARKET NEWS  
    Crude oil tenders in Asia........................ CRU/TENDA   
    Crude oil supply outages in Asia............ CRU/OUT-ASIA-O   
    Refinery outages in Asia.................... REF/OUT-ASIA-O   
    Global arbitrage news and flows................. O/CRUDEARB   
    W.African crude imports to Asia, monthly........ O/WAFRICA1   
      
                    REFINERY MAINTENANCE DIARIES  
    Asia... REF/A      Middle East... REF/ME    Europe... REF/E   
      
                       NATIONAL CRUDE IMPORT DATA  
    Japan..............     China.............. O/CHINA1   
    India.............. O/INDIA2    S.Korea............ O/KOREA1   
    Indonesia....... O/INDO1-CRU      
      
                       CRUDE OIL INVENTORY DATA  
    Japan... O/JAPAN1      US... EIA/S      Europe... O/EUROIL1   
      
                    CRUDE OIL PRODUCTION/OILFIELD NEWS  
    OPEC output survey... OPEC/O    New Asian fields... ASIA/NEW   
    New Africa fields... AFR/NEW    New Europe fields.. NSEA/NEW   
    New Americas fields.. AM/NEW    New projects..... ENERGY/NEW   
      
                       CRUDE OIL MARKET REPORTS  
    Middle East........... CRU/M    Asia-Pacific........ CRU/AP   
    West Africa......... CRU/WAF    North Sea............ CRU/E   
    Asia outlook....... ASIA/CRU    Europe outlook..... EUR/CRU   
    Global futures report... O/R    Technicals report...... O/I   
      
                            PRICES  
    For all Official Selling Prices...................... OSP/O   
    For a POLL on oil prices............................ O/POLL   
    NYMEX and ICE oil futures...........................    
    TOCOM crude oil futures.............................    
    Dubai, Oman swaps and spread...............    
    Middle East physical crude diffs...............    
    Australia physical crude, Tapis swaps..........    
    Asia-Pacific physical crude....................    
    All Asian crude oil differentials................    
    All Asian crude oil outright prices..................  ))

Keywords: MARKETS ASIA NYMEX/