New York (Platts)--13Nov2009/810 am EST/1310 GMT

NYMEX December crude futures on CME's Globex system were 11 cents lower Friday at $76.83/barrel, as the dollar rebounded from a reversal to the downside during Asian and European trading.

"The US dollar is giving up some of yesterday's gains but the euro has made limited progress," foreign exchange strategists at Brown Brothers Harriman said in a report. "Eurozone GDP did expand from the prior quarter for the first time since Q1 2008 but the quarterly pace was slower than expected at 0.4% quarter on quarter (versus 0.5% expected and minus 4.1% year on year versus minus 3.9% expected). That's roughly 1.6% on an annualized basis or nearly half the pace of growth seen in the US during Q3 (3.5% quarter on quarter annualized)."

The US Dollar Index on ICE slid to an intra-session low of 75.324, but subsequently rebounded 15 points ahead of the US trade deficit data.

December Brent was 14 cents higher at $76.16/b with Friday's contract expiration dictating direction rather than external factors.

--Linda Rafield, linda_rafield@platts.com