SEOUL, April 21 (Reuters) - U.S. crude futures extended gains in early Asian trade on Thursday, buoyed by a drop in domestic crude and oil product inventories last week and a broader commodities buying binge sparked by a weaker dollar.
FUNDAMENTALS
* NYMEX crude for June delivery
* U.S. crude inventories unexpectedly fell 2.32 million barrels last week, bucking average analyst forecasts in a Reuters poll for a 1.1 million barrel increase. It was the first drawdown since the week to Feb. 25.
* OPEC sees oil prices between $80 to $90 as "adequate" and has no plans for an emergency meeting because the market is well supplied despite unrest in Libya, Ecuador's oil minister said on Wednesday. [ID:nN20155751]
* France promised Libyan rebels on Wednesday it would intensify air strikes on Muammar Gaddafi's forces and send military liaison officers to help them as fighting raged in Misrata, killing nine civilians. [ID:nLDE73J1M3]
* Muammar Gaddafi's government is circumventing international sanctions to import gasoline to western Libya by using intermediaries who transfer the fuel between ships in Tunisia. [ID:nN20168707]
* High oil prices have hurt demand in top consumers China and the United States, and OPEC needs to raise output around June to stem further price rises, the International Energy Agency's executive director said on Wednesday. [ID:nL3E7FK15D]
MARKETS NEWS
* Major stock markets rose sharply on Wednesday after strong corporate earnings in both the United States and Europe. The Dow Jones industrial average gained 1.52 percent to end at 12,453.54. The Standard & Poor's 500 Index rose 1.35 percent to finish at 1,330.36. The Nasdaq Composite Index climbed 2.10 percent to close at 2,802.51.
* The dollar plummeted on Wednesday against major and emerging market currencies as the prospect that U.S. interest rates would remain at record lows encouraged investors to seek higher returns elsewhere.
* Gold prices held steady above $1,500 on Thursday, the last trading day in many markets before the long Easter weekend, after hitting record highs for four consecutive sessions, fueled by inflation worries and sovereign debt woes.
DATA/EVENTS (GMT)
* 0800 - Germany IFO business climate indicator for May
* 0800 - Italy flash trade balance for March
* 0830 - UK public finance data for March
* 0830 - UK retail sales for March
* 1230 - Weekly U.S. jobless claims
* 1400 - U.S. leading indicator for March
* 1400 - U.S. FHFA home price index for Feb
RECENT CRUDE OIL TRADES
Asia... Europe... Americas...
CRUDE OIL MARKET NEWS
Crude oil tenders in Asia........................
Crude oil supply outages in Asia............
Refinery outages in Asia....................
Global arbitrage news and flows.................
W.African crude imports to Asia, monthly........
REFINERY MAINTENANCE DIARIES
Asia... Middle East... Europe...
NATIONAL CRUDE IMPORT DATA
Japan..............
China..............
India..............
S.Korea............
Indonesia.......
CRUDE OIL INVENTORY DATA
Japan... US... Europe...
CRUDE OIL PRODUCTION/OILFIELD NEWS
OPEC output survey... New Asian fields.
New projects......
CRUDE OIL MARKET REPORTS
Middle East........... Asia-Pacific........
West Africa......... North Sea............
Asia outlook....... Europe outlook.....
Global futures report... Technicals report......
PRICES
For all Official Selling Prices......................
For a POLL on oil prices............................
NYMEX and ICE oil futures...........................
TOCOM crude oil futures.............................<0#JCO:>
Dubai, Oman swaps and spread...............
Middle East physical crude diffs...............
Australia physical crude, Tapis swaps..........
Asia-Pacific physical crude....................
All Asian crude oil differentials................<0#C-DIF-A>
All Asian crude oil outright prices..................<0#C-A>
(Reporting by Cho Mee-young; Editing by Himani Sarkar)