Euro slips on ECB's cautious view, oil reverses losses

By Richard Leong NEW YORK (Reuters) - The euro declined on Thursday on the European Central Bank's cautious economic outlook, while oil prices recovered on a drop in U.S. crude inventories, erasing losses on OPEC's failure to reach a deal to set an output ceiling. The crude market rebound lifted Wall Street and European stocks out of the red, removing the earlier sting from a 2 percent slump in Japanese shares. U.S. and German government bond prices firmed on safe-haven bids as a possible U.S. .