NYMEX-Crude up on weak dollar but gains seen limited

TOKYO, June 6 (Reuters) - U.S. crude futures headed higher on Monday as the dollar remained soft but gains were set to be limited after weak U.S. jobs data added to evidence of a marked economic slowdown.

Gulf Arab OPEC members led by Saudi Arabia look like they will push for an increase in supplies on Wednesday in an effort to support flagging world economic growth by bringing crude prices back below $100 a barrel. Theses expectations, however, have not had much a downward impact on oil prices yet. [ID:nLDE7540D1]

"We need to increase by at least one million barrels a day," a Gulf OPEC delegate told Reuters in Vienna on Sunday. "We're not happy with current prices."

"We want to meet growing demand in the second half of the year without flooding the market," said a delegate from another Gulf country.

FUNDAMENTALS

* NYMEX crude for July delivery was up 23 cents at $100.45 a barrel by 2251 GMT, after settling down 18 cents at $100.22 on Friday.

* London Brent crude for July delivery was up 15 cents at $115.99 a barrel, after settling up 30 cents on Friday.

* Iraq supports an increase in OPEC output if a production hike is needed to meet rising global demand for crude, Deputy Prime Minister Hussain al-Shahristani told Reuters on Saturday. [ID:nLDE75408F]

Iran has yet to decide who will head its delegation at this week's meeting of OPEC oil producers, its OPEC governor was quoted as saying on Sunday by the Fars news agency. [ID:nLDE7540B9]

* Yemeni President Ali Abdullah Saleh, wounded in an attack on his palace, underwent surgery in Saudi Arabia and Yemenis seeking his overthrow celebrated what they hoped was the end of his 33-year rule. [ID:nLDE7530ED]

* A bomb attack against an Iraqi oil storage depot set one tank ablaze on Sunday in a rare assault on strategic southern oilfields, but the country's crude exports were unaffected, Iraqi oil officials and police said. [ID:nLDE754011]

MARKETS NEWS

* Wall Street closed out a fifth week of losses with more selling on Friday after an anemic jobs report strengthened the case that the economy was slowing, though analysts said indexes may stabilize in the near-term.

* The euro hit a one-month high against the dollar on Monday.

DATA/EVENTS

* The following data is expected on Monday: (Time in GMT)

- 0900 EZ Producer Prices/April

- 1400 US Employment Trends/May (Reporting by Osamu Tsukimori; Editing by Edwina Gibbs)