By Manash Goswami SINGAPORE (Reuters) - Oil fell more than $1 on Thursday, reversing the previous session's gains, as a rise in the dollar overshadowed a surprise draw in gasoline stockpiles in the world's top consumer U.S. Brent fell 83 cents to $113.40 a barrel by 0234 GMT, after settling $3.26 a barrel higher at $114.21. U.S. oil slipped $1.13 to $94.29. Markets from metals to U.S. equities dropped after the Federal Reserve on Wednesday cut its growth forecasts for the world's biggest economy. The dollar recovered earlier in the day as Chairman Ben Bernanke gave no hint of any further stimulus, weighing on most commodities from gold to oil. "The Fed comments suggest that it will be more of the same for a long time," said Jonathan Barratt, managing director of Commodity Broking Services. "Growth, in terms of employment and the economy, will remain stagnant for some time and that is not a good thing." The dollar gained 0.4 percent versus a basket of currencies on Thursday. The recent slide in oil has broken past support levels, and prices are technically biased to rise, Barratt said, adding crude would remain under pressure because of the uncertain economic outlook, with U.S. futures likely to stay between $90 and $100 a barrel from an earlier range of $95-$105. The Fed estimated the economy should grow 2.7 percent to 2.9 percent this year, down from a forecast range of 3.1 to 3.3 percent made in April. It also cut its 2012 growth forecast to a range of 3.3 percent to 3.7 percent. Oil rose 3 percent on Wednesday, boosted by data showing a drop in U.S. crude and a surprise draw in gasoline inventories.

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