International crude oil prices settled marginally lower on September 22 as concerns over a global oversupply overshadowed the support from geopolitical tensions in the Middle East.

West Texas Intermediate (WTI) crude for October delivery decreased by US$0.04 (0.1%), reaching US$62.64 per barrel on the New York Mercantile Exchange. The more actively traded November WTI futures contract fell US$0.12 (0.2%) to US$62.28 per barrel.

Brent crude for November delivery fell by US$0.11 (0.2%), settling at US$66.57 per barrel.