Crude Prices Tumble on Reduced Supply Fears
Yahoo Finance·2025-10-16 19:21
November WTI crude oil (CLX25) on Thursday closed down -0.81 (-1.39%), and November RBOB gasoline (RBX25) closed down -0.0227 (-1.24%). Crude oil and gasoline prices gave up an early advance today and retreated, with crude sliding to a 5.25-month low and gasoline sinking to a 4.5-year nearest-futures low. Crude prices tumbled on Thursday after the weekly EIA report showed that crude inventories unexpectedly increased and US crude production rose to a record high. Losses in crude accelerated Thursday aft ...