NYMEX-Crude inches up; gains limited by Cyprus worries
TOKYO, March 19 (Reuters) - U.S. crude futures edged up on Tuesday toward $94 a barrel, helped by strong U.S. employment data, but gains were limited by worries that a radical bailout plan in Cyprus could reignite the financial crisis in the euro zone.
* NYMEX crude for April delivery, which expires on Wednesday, was up 7 cents at $93.81 a barrel by 0000 GMT, after settling up 29 cents at $93.74 on Monday.
It fell to a near one-week low of $91.76 on Monday, before recovering losses after government data showed that almost all U.S. states began 2013 with lower unemployment rates than they had at the start of 2012.
* London Brent crude for May delivery was down 7 cents at $109.44, after settling down 31 cents at $109.51 on Monday hurt by a strong dollar.
* Euro zone ministers urged Cyprus to let smaller savers escape a levy on bank deposits, before a parliamentary vote on Tuesday that will either secure the island's financial rescue or threaten default.
* U.S. commercial crude oil stockpiles are expected to have risen 2 million barrels last week amid low refinery runs, a preliminary Reuters poll of analysts showed on Monday.
U.S. distillate inventories likely fell 1.2 million barrels, while gasoline supplies are seen down 2.5 million barrels, the poll showed.
* The U.S. Senate on Monday inched closer to passage of a bill to fund federal agencies through Sept. 30 and avoid a government shutdown at the end of this month when existing money runs out.
* The number of Atlantic storms with magnitude similar to killer Hurricane Katrina, which devastated the U.S. Gulf Coast in 2005, could rise sharply this century, environmental researchers reported on Monday.
* In Libya, armed clashes broke out at an oil field belonging to Libya's Waha Oil on Monday, where protesters seeking jobs had been blocking the site entrance for the last eight days.
* U.S. stocks fell on Monday hurt by the Cypriot bailout proposal.
* The euro tumbled to a more than three-month low against the U.S. dollar on Monday.
* The following data is expected on Tuesday: (Time in GMT)
- 0800 Launch of OECD Economic Survey
- 1000 Germany ZEW economic sentiment
- 1145 U.S. ICSC chain stores
- 1230 U.S. Housing starts Feb
- 1255 U.S. Redbook
- N/A U.S. FOMC begins first day of two-day meeting
- 2030 U.S. American Petroleum Institute weekly oil data
(Reporting by Osamu Tsukimori; Editing by Richard Pullin)