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Crude Prices Jump on Possible US-India Trade Deal and Lower EIA Inventories
Yahoo Finance·2025-10-23 03:19

December WTI crude oil (CLZ25) on Wednesday closed up +1.26 (+2.20%), and December RBOB gasoline (RBZ25) closed up +0.0375 (+2.12%). Crude oil and gasoline prices rallied sharply on Wednesday, posting one-week highs.  Crude prices jumped on Wednesday after India's Mint newspaper reported that the US and India are nearing a trade deal that could see India gradually reduce its imports of Russian crude, potentially boosting oil demand from alternative suppliers.  Crude prices extended their advance on Wednes ...