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Rich Asplund

INSANE: Crude prices tumble on global energy demand concerns - The Real Truth

Oil United States Saudi Arabia Vortexa

November WTI crude oil (CLX23) on Thursday closed down -1.91 (-2.27%), and Nov RBOB gasoline (RBX23) closed down -0.90 (-0.41%).

Nov WTI crude oil and gasoline prices on Thursday extended Wednesday's sharp losses, with crude falling to a 5-week low and gasoline dropping to a 9-1/2 month low. Crude prices are sliding on concern that slowing global growth will erode energy demand and consumption. A weaker dollar Thursday limited the downside in energy prices.

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