Oil drops 2 percent on stronger dollar, U.S. data

(Reuters) - Oil prices fell more than 2 percent on Thursday to below $89 a barrel as a stronger dollar and weaker U.S. equities deterred buyers. ....U.S. crude for February delivery was down $1.76 at $88.54 a barrel at 12:50 p.m. EST (5:50 p.m. British time) in heavy volume for a second straight day. In London, Brent crude for February was down $1.20 at $94.30."