Oil prices lower on U.S. GDP figures

Oil prices lower on U.S. GDP figures New York (UPI) Jul 29, 2016 - A low estimate of U.S. gross domestic product and steep losses from some of the world's biggest energy companies sent crude oil prices down early Friday. U.S. supermajor Chevron Corp. reported a loss of $1.5 billion, its third quarterly loss. "The second quarter results reflected lower oil prices and our ongoing adjustment to a lower oil price world," CEO John Watson said in a statement ... more

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