Crude Declines as U.S. Economy Grows Less Than Expected
Bloomberg
West Texas Intermediate settled at the lowest level this year as the U.S. economy grew less than economists forecast and the euro weakened against the dollar. Prices fell 5.6 percent in February. “The GDP revision is barely positive and is a little disappointing,” said Jacob Correll, a Louisville, Kentucky- based analyst at Summit Energy Inc., which manages more than $20 billion in companies’ annual energy spending. “But still, we are going in the right direction.”
