Brent, U.S. crude slip more after U.S. GDP data

Fri Apr 27, 2012 8:43am EDT
 
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NEW YORK (Reuters) - Brent and U.S. crude futures slipped further on Friday after a government report showed U.S. first-quarter Gross Domestic Product grew at a 2.2 percent annualized rate, slightly less than the 2.5 percent that had been expected by analysts.

Brent June crude was down 28 cents at $119.64 a barrel by 8:38 a.m. EDT (1238 GMT), having traded from $119.20 to $119.95. U.S. June crude was down 30 cents at $104.25, having traded from $103.74 to $104.56.

(Reporting by Robert Gibbons)