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Crude Pulls Back on Demand Estimate

Stock quotes in this article: XOM , CVX , BP , RD , COP , VLO , WGR , APA  

Updated from 1:09 p.m. EDT

Crude futures fell Thursday as predictions for global energy demand continued to come down.

Crude for October delivery, which jumped nearly $2 Wednesday, closed down 34 cents to $64.75 a barrel on Nymex. Gasoline futures fell 4 cents to $1.89 a gallon.

In its monthly report for September, OPEC lowered its estimate for worldwide oil demand in 2005 by 150,000 barrels to 83.49 million barrels, citing downward revisions to earlier estimates and the impact of higher energy prices. ...

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