Oil Trades Near Two-Day Low

Bloomberg reports that in New York, Oil traded near a two-day low.

The market news is quoted as saying:

Futures were little changed after slipping 1.1 percent yesterday. The Commerce Department reported that gross domestic product in the U.S. expanded at a 1.8 percent annual rate in the first quarter, slower than the 2.2 percent estimated in a Bloomberg News survey of economists. Initial jobless claims unexpectedly rose last week.

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