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Oil fell from a one-year high on Thursday as a rise in new U.S. jobless claims sent investors seeking safer havens.
The number of workers filing new jobless claims rose by 11,000 last week, indicating the labor market remained fragile despite some signs of an economic recovery.
U.S. crude oil futures traded down 86 cents to $80.51 a barrel by 1:35 p.m. EDT, after touching a one-year high of $82 a barrel on Wednesday.
London Brent crude fell 76 cents to $78.93 a barrel.
Energy markets have looked to economic data for signs of a rebound in the economy that could bolster flagging oil demand.
"Oil isn't getting any lift from the stock markets today as economic data and corporate earnings results are mixed," said Andy Lebow, broker for MF Global, New York.
The Dow industrials gained on Thursday on strong earnings reports from several components, while the Nasdaq fell on weakness in Ericsson and other technology names. <.N>
The dollar recovered after a sharp slide against major currencies, as the euro retreated from a 14-month high above
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