(Bloomberg) -- Crude oil was little changed in New York after a government report showed that economic growth in the U.S., the biggest energy consumer, is slowing.
The U.S. economy expanded at 1.3 percent in the first quarter, the slowest pace in four years, the Commerce Department reported today in Washington. Economists expected a 1.8 percent gain in GDP last quarter, according to the median estimate of 83 forecasts in a Bloomberg News survey. The U.S. consumes 25 percent of global crude-oil production.
Read more at Bloomberg Energy News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment