Crude Prices Fall as EIA Cuts its Crude Demand Forecast

Written on 10/07/2026
Rich Asplund

November WTI crude oil (CLX26 ) closed down -1.16 (-1.30%) on Wednesday, and November RBOB gasoline (RBX26 ) closed down -0.0390 (-1.19%). Crude oil and gasoline prices erased an early rally on Wednesday and settled lower on signs of weakening global energy demand after the EIA cut its 2026 global...A car being refueled at a gas station by Engin Akyurt via Pixabay
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