The price of oil was little changed after the US government slightly revised upward its estimate of fourth-quarter economic growth.
Benchmark crude for April delivery fell 10 cents to $92.66 a barrel in afternoon trading on the New York Mercantile Exchange.
The US economy grew at a 0.1% annual rate from October through December, the Commerce Department said.
That is the weakest performance in nearly two years.
The latest estimate of fourth-quarter growth was only slightly better than the government's initial estimate that the economy shrank at a rate of 0.1%.
However economists believe a steady housing rebound, stronger hiring and solid spending by consumers and businesses are pushing economic growth higher in the current quarter.
Brent crude, used to price many kinds of oil imported by US refineries, rose 38 cents to $112.25 on the ICE Futures exchange In London.
