Crude Oil recedes further, WTI falls below $78 on rising supplies and cautious FOMC

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Crude Oil recedes further, WTI falls below $78 on rising supplies and cautious FOMC
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West Texas Intermediate (WTI) US Crude Oil declined for a third straight day on Wednesday, falling below $78.00 per barrel once again after US Crude Oil barrel counts rose week-on-week after a previous decline.

WTI declines for a third straight day on Wednesday. US barrel counts hint at further supply overhang.

Meeting Minutes reveal cautious Fed, rate hopes stumble. West Texas Intermediate US Crude Oil declined for a third straight day on Wednesday, falling below $78.00 per barrel once again after US Crude Oil barrel counts rose week-on-week after a previous decline.

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