WTI crude slid 0.4 percent today to $105.97 a barrel on the New York Mercantile Exchange. The grade is up 4.3 percent this quarter. Brent, the European benchmark, climbed 0.7 percent to $114.26, for a 6 percent gain in the quarter. U.S. gross domestic product will increase 2.2 percent this year and 3 percent in 2015, following a 1.9 percent gain in 2013, U.S. crude production increased 17,000 barrels a day to 8.477 million, the most since October 1986. Output has surged this year as a combination of horizontal drilling and hydraulic fracturing, or fracking, has unlocked supplies trapped in shale formations, including the Bakken in North Dakota and the Eagle Ford in Texas.
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