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Market Impact: 0.35
Crude Prices Fall Back After IEA Forecasts Sharp Drop in Oil Demand
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsCommodity Futures
October WTI crude fell $2.97, or 2.90%, while October RBOB gasoline declined 4.99 cents, or 1.47%. The pullback followed WTI's 6.7% rally on Thursday to a 3.5-month high, with an IEA warning cited as the catalyst for renewed selling.
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