Oil Snaps Three-Day Gain on Signs Economic Growth Insufficient

Oil halted a three-day advance in New York as traders viewed last week’s climb above $76 as excessive, given signs that U.S. economic growth may falter.

Crude slid as much as 1.1 percent, paring last week’s gains. Retail sales in the U.S., the biggest energy user, probably fell in June for a second month and industrial production cooled, economists said before reports this week. China, the world’s second-largest energy consumer, reported record oil imports in June.