Oil stalls as gains capped by Europe debt worries - Reuters

LONDON (Reuters) - Oil fell back towards $105 a barrel on Thursday, as European debt troubles persisted and a recovering dollar helped erase early gains made in reaction to the previous session's near-four-percent plunge in crude markets.

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Oil markets were also constrained by the lack of agreement by the Organization of Petroleum Exporting Countries (OPEC) on individual output allocations limiting oil supply. Oil markets were also constrained by the lack of agreement by the Organization of Petroleum Exporting Countries (OPEC) on individual output allocations limiting oil supply. "Continuing worries about the euro zone debt crisis are keeping gains limited today, despite the positive U.S. data on jobless claims and New York manufacturing activity. Investors are reassessing the market after yesterday's sharp drop" said Chris Dillman, an analyst at Tradition Energy.

Oil stalls as gains capped by Europe debt worries - Reuters