UPDATE 2-Brent drops to near $114, sluggish economy offsets supply risk

* Weak economic outlook, stronger dollar depress oil

* NATO says plans in place to defend Turkey from Syria

* U.S. crude stockpiles forecast to rise 1 mln bbls -poll

* Coming Up: API weekly oil inventories data; 2030 GMT

(Updates prices) By Florence Tan

SINGAPORE, Oct 10 (Reuters) - Brent crude slipped to near$114 per barrel on Wednesday, after jumping more than 2 percentin the previous session, as worries about global economic growthmuddied the outlook for demand and offset supply fears stemmingfrom tensions in the Middle East.

Weak risk sentiment coursed through financial markets,pulling down Asian shares and boosting the safe-haven dollar. Afirm dollar makes commodities priced in the greenback expensivefor holders of other currencies.

Brent crude had slipped 37 cents to $114.13 a barrelby 0652 GMT, after hitting its highest since Sept. 17. U.S.crude fell 38 cents to $92.01 a barrel.

"Oil has been falling as investors weigh supply risksagainst weaker demand," said Ben Le Brun, a market analyst atOptionsXpress in Sydney. "A lot of growth expectations are beingrevised down, especially in China."

China's annual economic growth probably slowed for a seventhstraight quarter in the July-September period to its weakestlevel since the depths of the global financial crisis, a Reuterspoll showed.

On Tuesday, the IMF said the global economic slowdown wasworsening and cut its growth forecasts for the second time sinceApril, warning U.S. and European policymakers that failure tofix their economic ills would prolong the slump.

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But worries about disruptions to supply from the MiddleEast, where tensions between Turkey and Syria have risen, werehelping to keep a floor under oil prices.

The two neighbours have repeatedly exchanged fire since lastweek after Syrian shells struck a border town in Turkey killingfive civilians.

NATO said it had plans in place to defend Turkey against anattack from Syria, and would aim to provide assistance if Ankaraasked for it.

"The geopolitical risk premium was boosted from mountingtensions between Turkey and Syria," ANZ analysts said in a note.

"This has increased supply disruption concerns, particularlyif the Syrian conflict begins to hamper oil production innorthern Iraq."

Tension in the Middle East and delays to North Sea Fortiesloadings pushed Brent's premium to U.S. crude to itswidest in nearly a year at $23.13 a barrel on Tuesday.

Reuters market analyst Wang Tao said the spread may havepeaked in a support zone between $22.79 and $24.34 per barreland could narrow towards $16 over the next four weeks.

Investors are now looking to scour data on weeklyinventories from the United States due to be released this weekfor hints on demand at the top oil consumer.

Analysts polled by Reuters forecast a 1-million-barrel buildin crude stockpiles for the week to Oct. 5.

The API report will be released later on Wednesday and theEIA data on Thursday, delayed a day by the Columbus Day holiday.

(Editing by Himani Sarkar)

((Florence.Tan@thomsonreuters.com)(+65 6870 3497)(ReutersMessaging: florence.tan.thomsonreuters.com@reuters.net))

Keywords: MARKETS OIL/