CNBC | Oil drops towards $77 as US storm threat eases CNBC Oil extended losses on Wednesday, falling towards $77 a barrel, as a tropical storm hitting the U.S. Gulf coast weakened, offsetting support from forecasts of lower U.S. inventories and sanctions against Iran. Crude had jumped the previous day as oil ... Oil Falls as Gulf Coast Storm Weakens Crude oil futures lower as supply disruption concerns recede Oil Slips as Strong Dollar, Cushing Stock Build Outweigh Gordon |