Oil fell to around $88 a barrel on Thursday as a slew of positive economic data from the U.S. was tempered by mounting concerns over the debt-crisis in the eurozone.

U.S. crude for January fell 44 cents to $88.18 a barrel.
Oil prices rose almost $1 on Wednesday following an unexpectedly large drawdown in U.S. inventory stocks, the biggest in eight years, and data showing higher industrial output and low inflation in the world's largest oil consuming nation.