Dovish FOMC Hurt Sentiment, Crude Soft

WTI crude oil tumbled to as low as 75.17 after weaker-than-expected new home sales data and surprising surge in crude inventory. Price, however, recovered and traded around 76 for the rest of the day. The front-month WTI contract closed at 76.35, down -1.93% while Brent crude settled at 76.68, down -2.28%.

See the original post here: 
Dovish FOMC Hurt Sentiment, Crude Soft