West Texas Intermediate oil dropped on Thursday as the value of the U.S. Dollar rose against the Euro amid improving labour market in the U.S. recording the lowest number of initial jobless claims in a five-year period. June WTI futures decreased by 64 cents, or 0.7%, to $95.98 a barrel as of 9:29 a.m. on the NYMEX after they rose to $96.62 yesterday.