MTECHTIPS CRUDEOIL

MTECHTIPS:-CRUDEOIL

U.S. crude futures prices dropped to around $94 a barrel on Thursday after data showing U.S. gasoline supplies rose and on concerns that the U.S. Federal Reserve may curtail its bond-buying stimulus later this year. U.S. July oil futures contract fell 26 cents to $94.02 a barrel. Brent also dropped 26 cents to $102.34 a barrel. The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday. Outlook : the commodity could fall today as well on the back of data from China adding to the woes.