A low estimate of U.S. gross domestic product and steep losses from some of the world’s biggest energy companies sent crude oil prices down early Friday. U.S. supermajor Chevron Corp. reported a loss of $1.5 billion, its third quarterly loss. “The second quarter results reflected lower oil prices and our ongoing adjustment to a lower oil price world,” CEO John Watson said in a statement. The oil economy is far leaner than it was in 2014, when crude oil prices were holding above $100 per barrel on a consistent basis. From Russia to Texas, lower energy prices are causing ripples across the global economy. The U.S. Commerce Department reported gross domestic product grew at a rate of 1.2 percent […]