Oil down 2 percent on profit-taking, dollar rise

By Ethan Lou NEW YORK (Reuters) - Oil markets fell more than 2 percent on Thursday, wiping out the previous day's gains on profit-taking and after a run-up in the dollar, which weighed on prices of commodities denominated in the greenback. The dollar index hit seven-month highs against basket of currencies and a three-month peak versus the euro after the European Central Bank kept interest rates unchanged. "After the big run, I think it is very reasonable", Kyle Cooper, analyst at ION Energy in