Crude Oil heading back down once again after WTI sees a sharp rejection from $76.50

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• Crude Oil rises, then tumbles again in frothy energy markets.
• WTI backslides into $74.50 in exacerbated market volatility.
• OPEC production cuts unlikely to eat away at oversupply amidst declining demand.

West Texas Intermediate (WTI) Crude Oil is seeing a choppy session during Friday’s late-week trading, climbing back towards $77.00 per barrel before falling once more towards $74.50 as oil markets whip. Crude Oil saw a sharp rejection on Thursday as investors remain skeptical the Organization of the Petroleum Exporting Countries (OPEC) will be able to successfully execute recently-announced production cuts.