Wires

UPDATE 3-Oil rises above $114 on Middle East supply worries

* Global economy slowing, confidence "very fragile" - IMF

* Dollar strengthens, euro falls

* 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 at 2030 GMT

(Updates throughout, changing dateline, previous SINGAPORE)

By Alice Baghdjian

LONDON, Oct 10 (Reuters) - Brent crude oil rose above $114 abarrel on Wednesday as worries over the security of Middle Eastsupplies outweighed increasing evidence of slowing globaleconomic growth.

Weak risk sentiment coursed through financial markets,pulling down stock markets and boosting the dollar after theInternational Monetary Fund (IMF) said that a deepening eurozone debt crisis was threatening the global economy.

The IMF said in its semi-annual check on the world'sfinancial health that risks to global financial stability hadrisen in the past six months, leaving confidence "very fragile".

But shelling along the Turkey-Syria border, hostilitybetween Iran and the West, and an impending Israeli election,have raised worries over the risks to oil supplies from theMiddle East Gulf, keeping a floor under prices.

Brent crude climbed 5 cents a barrel to $114.55 by0825 GMT, near its highest for three weeks. U.S. crudefell 25 cents to $92.14 a barrel.

Israeli Prime Minister Benjamin Netanyahu called an earlyelection on Tuesday, eager to strengthen his political positionahead of any military action against Iran.

"The nuclear dispute with Iran is going to be an electionissue in Israel, and this might cause the price to rise incoming weeks, or at least support it," said Carsten Fritsch, oilanalyst at Commerzbank in Frankfurt.

"Other factors are playing a hand in this, such as thetensions between Turkey and Syria," Fritsch added.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Graphic on WTI-Brent spread: Graphic of 24-hr chart Brent analysis: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> CHINA

Global economic gloom, meanwhile, has put a dampener on manymarkets.

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 that the global economic slowdownwas worsening and cut its growth forecasts for the second timesince April, warning U.S. and European policymakers that failureto fix their economic ills would prolong the slump.

The IMF forecast global output in 2012 would grow by only3.3 percent, down from a July estimate of 3.5 percent.

"A lot of growth expectations are being revised down,especially in China," said Ben Le Brun, a market analyst atOptionsXpress in Sydney.

Middle East tensions remain a constant worry for oil.

Turkey and Syria have repeatedly exchanged fire since lastweek after Syrian shells struck a Turkish border town. Turkey'schief of general staff said on Wednesday that the country'smilitary would respond with greater force if shelling from Syriacontinued to spill over the border.

NATO says that it has plans in place to defend Turkeyagainst an attack from Syria and will aim to provide assistanceif Ankara asks 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, particularly ifthe Syrian conflict begins to hamper oil production in northernIraq."

Investors were looking to weekly data on oil inventoriesfrom the United States, due this week, for hints on demand atthe top oil consumer. Analysts forecast a 1 million barrel buildin crude stocks in the week to Oct. 5.

Industry data from the American Petroleum Institute will bereleased at 2030 GMT on Wednesday and figures from the U.S.government's Department of Energy will follow on Thursday, bothsets of figures delayed a day by the U.S. Columbus Day holiday.

(Writing by Christopher Johnson; Additional reporting byFlorance Tan in Singapore; Editing by David Goodman)

((christopher.johnson@thomsonreuters.com)(+44 207 5426056)(Reuters Messaging:christopher.johnson.reuters.com@reuters.net))

Keywords: MARKETS OIL/