Crude Oil prices finished lower on Wednesday, falling for a 3rd consecutive session after reports showed U.S. supplies of crude and distillates rose more than expected last week. Crude stocks, expected to rise by 1.2 million barrels, shot up by 3.7 million, the Energy Information Administration said. Inventories of distillates, which include heating oil and diesel, rose by 1.4 million barrels, instead of falling as forecast.

Oil was also pressured by China's move to raise banks' cash reserve requirements, the latest step toward tightening monetary policy, which some traders see potentially dampening energy demand.