Crude Oil Short. Crude WTI oil prices are falling again due to concerns. A reviving pandemic will reduce energy demand. Oil and gasoline prices erased earlier gains and closed yesterday’s trading lower. It is a response to a stronger dollar and fears of a drop in demand in India, which is the third largest consumer of oil in the world. There are concerns that the rapid expansion of Covid-19 in India will tighten restrictions that reduce economic growth and energy demand. Weak fuel demand in India is a bearish factor in oil prices.