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Crude Oil Prices Rally on Energy Demand Optimism
Yahoo Finance·2025-10-08 19:29

November WTI crude oil (CLX25) on Wednesday closed up +0.82 (+1.33%), and November RBOB gasoline (RBX25) closed up +0.0156 (+0.82%). Crude oil and gasoline prices on Wednesday settled higher.  Wednesday's rally in the S&P 500 to a new record high demonstrated confidence in the economic outlook, which was supportive of energy demand and crude prices.  Crude prices also had carryover support from Sunday when OPEC+ agreed to a smaller-than-expected increase in its crude production levels.  Gains in crude wer ...