* Wilting dollar helps commodities recover

* Safe-haven demand could reemerge if economy worsens

* Yen drops, correcting sharp gains from Wednesday

* Euro surges vs dollar as risk appetite recovers

* Saudi Arabia keeps August supplies steady

* IMF says global economy may be recovering

* Yen, dollar fall on slower decline in US jobless claims

* Oil edges above $60 a barrel as risk aversion lifts

* Saudi Arabia keeps August supplies steady

* IMF says global economy may be recovering (Recasts, updates prices, market activity throughout; new dateline, previously LONDON)

(Repeats to detach from text of earlier report)

* FTSEurofirst 300 gains 0.8 pct after five days of decline

* FTSEurofirst 300 gains 0.8 pct after five days of decline

* Miners up on stronger metals prices, Alcoa results

* June sales fall at apparel retailers, warehouse clubs

* Weekly jobless claims drop, continuing claims up

LONDON, July 9 (Reuters) - London Brent crude futures <LCOc1> fell below $60 a barrel on Thursday for the first time since late May.

Brent fell to as low as $59.76. At 1511 GMT, it was trading 41 cents lower at $60.02. (Reporting by Ikuko Kao)

* Wilting dollar helps commodities recover after losses

* Chinese car sales jump 47.7 pct in June

* Oil reverses early gains

* U.S. distillates stocks at highest level in nearly 25 yrs

* Oil rebounds after lowest close in seven weeks

* U.S. distillates stocks at highest level in nearly 25 yrs

* Yen drops, correcting Wednesday's gains; dlr also down

* Higher risk FX recover as European equities rise 1.1 pct

* Crude oil rises 1.7 percent

* Alcoa results boost sentiment

* Wilting dollar helps commodities recover after losses

* Chinese car sales jump; palladium rises more than 2 pct

* Alcoa earnings help lift world stocks

* Wall Street set for gains

(Corrects direction of dollar vs yen in paragraph 12)

(corrects GMT time in second graph)

* Miners in demand; Fresnillo gains on upgrade

* Miners in demand; Fresnillo gains on upgrade

* Banks firmer; BoE interest rate decision awaited

* Wilting dollar helps commodities recover after losses

* Chinese car sales jump; palladium rises more than 2 pct

* Oil rebounds after lowest close in seven weeks

* U.S. distillates stocks at highest level in nearly 25 yrs

LONDON, July 9 (Reuters) - U.S crude oil <LCOc1> rose by more than $1 to move above $61 a barrel on Thursday, snapping a six-day losing streak.

U.S. crude was trading up 96 cents at $61.10 a barrel by 0819 GMT, having eased slightly from a day high of $61.14 a barrel. Oil prices have fallen by more than 15 percent since hitting a year-high above $73 a barrel in late June.

U.S CRUDE OIL <CLc1> RISES $1 TO $61.14/BBL

* FTSEurofirst 300 up 0.8 pct, rebounds from 10-week low

* Alcoa's results ease fears; boost miners

* Alcoa earnings help lift world stocks

* European shares up 0.7 percent, Japan loses 1.4 percent

LONDON, July 9 (Reuters) - Brent crude oil <LCOc1> rose by more than $1 to move above $61 a barrel on Thursday, rebounding from a seven-week low hit in the previous session.

Brent crude was trading up 97 cents at $61.40 a barrel by 0754 GMT, having eased slightly from a day high of $61.51 a barrel.

BRENT CRUDE OIL RISES $1 TO $61.43/BBL

* Growing economic worries prompt search for safe havens

* Japan stocks fall after yen spikes to 5-mth high

* Growing economic worries prompt search for safe havens

* Japan stocks fall after yen spikes to 5-mth high

* Oil rebounds after lowest close in seven weeks

* U.S. distillates stocks at highest level in nearly 25 yrs (Updates prices)

* Yen drops from 2-mth peak vs euro

* Investors bargain-hunt but caution on intervention grows

* Bargain-hunting props up gold in Asia

* SPDR Gold holdings <XAUEXT-NYS-TT> fall 0.9 percent

* Bargain-hunting props up gold in Asia

* SPDR Gold holdings <XAUEXT-NYS-TT> fall 0.9 percent

* Growing economic worries prompt search for safe havens

* Japan stocks fall after yen spikes to 5-mth high

* Growing economic worries prompt search for safe havens

* Japan stocks fall after yen spikes to 5-mth high

* Oil rebounds after lowest close in seven weeks

* U.S. distillates stocks at highest level in nearly 25 yrs

* Stocks fall after yen hits 5-month highs versus dollar

* Retreat limited as Alcoa reports smaller-than-expected loss

TOKYO, July 9 (Reuters) - U.S. crude futures rose towards $61 a barrel on Thursday, paring losses after closing at their lowest in seven weeks as government data showed U.S. inventories of refined oil products had risen more than expected last week.

FUNDAMENTALS

TOKYO, July 9 (Reuters) - Gold was steady on Thursday, after falling more than 1 percent to a two-month low near $900 an ounce the previous day as investor risk aversion pushed up the dollar versus the euro, dulling gold's allure as an alternative asset.

FUNDAMENTALS

TOKYO, July 9 (Reuters) - Japan's Nikkei average fell 0.8 percent on Thursday, with exporters hit after the yen surged to a 4-1/2-month high against the dollar <JPY=> the previous day on mounting doubts about the health of the global economy.

The benchmark Nikkei <.N225> fell 78.42 points to 9,342.33. The broader Topix <.TOPX> retreated 0.9 percent to 880.83. (Reporting by Shinichi Saoshiro)

* Global stocks slip on nagging worries about economy

* Oil falls to close to $60 a barrel on recovery doubts

* Dollar firms versus euro amid flight to quality

* Economic woes hurt precious metals, commods complex