Oil below $80 on US crude stock build, firmer dollar - Reuters

SINGAPORE (Reuters) - Oil edged down below $80 on Thursday, after surging a day earlier, as the dollar recovered and the euro slid, while the surprise rise in U.S. crude stocks offset the fall on gasoline ahead of the driving season.

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The euro fell to a one-year low against the yen and was down versus the dollar on nagging fears over Greece's fiscal woes, while the dollar's trade-weighted index recovered. This countered the dollar's weakness versus the yen and the commodities-linked Australian dollar after Federal Reserve chief Ben Bernanke said on Wednesday interest rates will stay low in view of a weak job market and low inflation.

Full Story: Oil below $80 on US crude stock build, firmer dollar - Reuters