West Texas Intermediate crude dropped for the fourth time in five days as economic data may signal slowing growth in the U.S., the world’s biggest oil consumer. Brent declined in London . Futures fell as much as 0.7 percent in New York after dropping 1 percent last week. A preliminary index of U.S. service industries is forecast at 59.8 for July, the lowest level in three months, a Bloomberg News survey showed before a report from Markit Economics today. The Federal Reserve is scheduled to review monetary policy at a two-day meeting starting tomorrow. “The PMI figures could be a good indicator of American economic growth ahead of the Fed meeting, U.S. GDP figures and payrolls later in the week,” Thina Saltvedt, an analyst at Oslo-based Nordea Bank AG, said by phone. WTI for September delivery dropped as much as 70 cents to $101.39 a barrel on the New […]