I use Tap Magic cutting fluid. I bought a a couple of small cans of two different formulas which served me for years before I needed to buy more. The great thing about their product is the fact that it clings to the bit and will stay put so using a lot is not necessary. I've used it when cutting/drilling in different metals including stainless steel. Oh yea, it makes cutting threads into metal a lot easier too. ^_^
TDD