Oil futures marked a third straight session decline on Wednesday, with U.S. prices settling at their lowest in a month. “While the market remains moderately undersupplied for now, demand concerns continue to weigh on forward prices,” said Robbie Fraser, manager, Global Research & Analytics, at Schneider Electric. West Texas Intermediate crude for October delivery CLV23, +0.01% declined by 75 cents, or 0.9%, to settle at $78.89 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since July 26, according to FactSet data.
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