UPDATE 7-Oil rises, underpinned by Egypt concerns, U.S. data
* Egyptian army on high alert after attack in Sinai
* Shipping through Suez unaffected, ports operational
* Libya's main export terminal halted, adding to outages
* North Sea Forties exports to fall in August, Brent curve flattens
* U.S. nonfarm payrolls rise more than expected in June
(Recasts lead, adds details throughout, updates prices. Changes byline/dateline to New York, prev London.)
NEW YORK, July 5 (Reuters) - Brent crude oil prices were trading above $107 per barrel for the first time in three months on Friday, underpinned by political unrest in Egypt that continued to fuel concerns of oil supply disruptions in the Middle East.
U.S. crude oil prices maintained a 14-month high, supported by data showing U.S. employers added more jobs than expected in June, as other commodity prices sank.
The news pushed the U.S. dollar to a near three-year high against a basket of currencies, which can lead to lower oil prices. Commodities priced in dollars become more expensive for holders of other currencies as the dollar strengthens.
But the crude oil market interpreted the data as a positive, said Matt Smith, commodity analyst at Schneider Electric in Louisville, Kentucky "because it means we're going to see a stronger economy."
Still, crude oil in other currencies is becoming more expensive and "will provide headwinds at some point," Smith added.
The positive data fuelled investor fear that the U.S. Federal Reserve may taper its stimulus program. That coupled with recent reports of weaker economic data out of China caused other commodities prices to collapse.
Gold lost 3 percent and copper was down more than 2 percent.
Brent crude oil for August delivery was last trading $1.80 per barrel higher at $107.34 by 11:52 a.m. EDT (1552 GMT) after hitting a high of $107.40 a barrel.
Front-month U.S. crude oil futures were up $1.63 per barrel to $102.87 a barrel after hitting a high of $102.92.
SUPPLY TIGHTENS, MIDEAST TENSIONS WEIGH
The Egyptian military took control of the nation on Wednesday, overthrowing President Mohamed Mursi. Supporters of the deposed leader demonstrated in cities across the country on Friday.
So far, ports and shipping through the Suez Canal have been operating normally, two shipping sources and a canal official said.
The Middle East pumps a third of the world's oil and the Suez Canal and Suez-Mediterranean pipeline were responsible for transiting some 2.2 million barrels per day of oil into the Mediterranean Sea in 2011, according to U.S. government data.
Libya's largest export terminal was shut late on Thursday. Port guards locked the gate over salary complaints, preventing workers from continuing operations.
Investors remained on edge and were pricing in risk of Mideast supply disruptions should conflict spread to other regional nations, analysts said.
The Egyptian uncertainty added to existing supply worries. Almost all physical crude grades consumed by Europe are now short including Russian, Iraqi, Libyan and African grades.
North Sea supplies, which underpin the Brent contract, are expected to be extremely low in the coming months when main grade Forties output is reduced due to maintenance in August.
The spread between the Brent oil contracts of August and September <LCOQ3-U3> widened to 79 cents, the highest in nearly five months.
NONFARM PAYROLLS, BRENT/WTI SPREAD
Strong employment figures from the United States underpinned futures but support from the data could be short lived.
U.S. job growth increased more than expected in June, which could draw the Federal Reserve closer to scaling back its massive monetary stimulus later this year, which would sap liquidity and drag on commodity prices.
Employers added 195,000 new jobs to their payrolls last month, the Labor Department said on Friday, while the unemployment rate held steady at 7.6 percent as more people entered the workforce.
The closely watched spread between global benchmark Brent crude oil and U.S. West Texas Intermediate <CL-LCO1=R> had widened to $5.17 per barrel and was last trading around $4.50.
Brent's premium to WTI crude at one point on Wednesday narrowed to $3.09, the weakest since December 2010.
In its weekly energy note, Goldman Sachs said the recent spread tightening was unrelated to civil unrest in Egypt but was "a reflection of an anticipation of inventory draws in the Midcontinent on the back of increased pipeline and refinery operations".
(Reporting by Jeanine Prezioso; Additional reporting by Julia Payne in London and Florence Tan in Singapore; Editing by Andrea Ricci)