Washington - SPA
The price of oil edged lower Thursday after falling below $100 per barrel for the first time in three weeks on slower U.S. economic growth and higher supplies, AP reported. Benchmark U.S. crude oil for June delivery shed 1 cent to $99.73 on the New York Mercantile Exchange. Brent crude, an international oil benchmark, added 1 cent to $108.08 on the ICE Futures exchange in London. On Wednesday, U.S. crude plunged $1.54 and Brent fell 91 cents after U.S. first-quarter economic growth of just 0.1 percent disappointed forecasters who expected an expansion of about 1 percent.