WTI crude drops as U.S. growth rate seen declining

Source: Bloomberg
© Scanpix/Reuters
West Texas Intermediate crude oil dropped to a three-week low, trimming its largest monthly jump in about a year, before data that may suggest U.S. growth rate has declined in the second quarter. Crude for September settlement fell 99 cents to $103.56 per barrel on the New York Mercantile Exchange. A quarterly GDP report will be released tomorrow at 8:30 a.m. Washington time.

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