Crude markets fell today following the move in equities as the possible shut down of the U.S.Government had investors selling off risky assets.
Congress has until midnight tonight to reach an agreement and pass a budget, otherwise it is reported that nonessential government operations could stop.
Investors fear that if the budget is not passed, it could begin to inhibit fourth quarter economic growth and eventually lead to a decrease in demand for crude in the world's largest oil-consuming nation.
Pressure also continued to come out of the Middle East, as tension in Syria cooled and last week President Obama and Iranian President Hassan Rouhani spoke by phone which could be a step towards a diplomatic solution between Iran and the West.
WTI dropped $0.54 to settle at $102.33/bbl and Brent fell $0.26 to finish at $108.37/bbl. Bunker prices were stable in the primary ports.