* Brent bounces more than $3 a barrel from week's low
* Dollar in the doldrums after slumping to a fresh 4-month low (Updates prices)
By Manash Goswami
SINGAPORE, June 14 (Reuters) - Brent futures slipped on Friday from near $105 a barrel due to ample U.S. inventories and a poor demand outlook, after prices bounced more than 3 percent in the last two sessions.
The European contract had rebounded from the week's low of $101.82 hit on Tuesday to near $105 because of a weak dollar, even though top industry bodies such as the International Energy Agency (IEA) forecast a bleak demand growth outlook.
The dollar remained in the doldrums on Friday after hitting a fresh four-month low against a basket of currencies in early trade.
Brent crude, which slipped 11 cents to $104.84 a barrel by 0653 GMT, is set to end the week almost unchanged. U.S. oil fell 2 cents to $96.66, after ending 81 cents up in the previous session.
"The key driver of oil has been the weakness in the dollar rather than any fundamental factors," said Ric Spooner, chief market analyst at CMC Markets.
"Traders are wary about pushing things higher because they are confronted with a situation of plenty of supplies when seasonal demand is supposed to pick up."
The push and pull in oil from a weak dollar and a gloomy demand outlook will keep Brent trading around the current level, with $106 providing a strong resistance, Spooner said.
The U.S. benchmark will hold near current levels, with $98.50 providing resistance, he added.
"U.S. crude oil is also close to a 2-month high, but the $97 to $100 per barrel area has proven tough resistance, with the market failing here five times this year," ANZ analysts said in a note.
A weaker dollar supports oil by making it cheaper for holders of other currencies.
Oil rose in the previous session, tracking equities after U.S. data showed stronger-than-expected retail sales and a fall in weekly jobless claims. That data on Thursday suggested rising home prices and steady job gains, which hoisted consumer confidence to multi-year highs in May.
WEAK DEMAND
But oil could not hold its gains, because data a day earlier showed gasoline stocks on the heavily populated U.S. East Coast at their highest since February 2012.
The data followed a report by the IEA that the seasonal rise in U.S. gasoline demand for summer driving would not arrest falling consumption on an annual basis.
Prices are unlikely to slide much further, however, because of lingering worries over supply from the Middle East.
President Barack Obama has authorized sending U.S. weapons to Syrian rebels for the first time, after the White House said it had proof the Syrian government used chemical weapons against forces fighting to overthrow President Bashar al-Assad.
Syria is not key to global oil supply, but investors are worried the civil war there could drag in other countries and plunge the whole region into conflict. (Editing by Clarence Fernandez and Muralikumar Anantharaman)
