WTI crude futures fell 4.51% on September 21 to settle at $95.78 per barrel on the NYMEX after opening near $101 and recording intraday losses of more than 5%. WTI had traded near $97.98 during early market hours, while Brent traded between $100 and $102. Occidental Petroleum shares fell 2.89% to $57.15 at publication, according to Benzinga Pro, as stabilized Middle Eastern supply routes reduced geopolitical risk premiums and raised concerns about the company’s crude-sensitive free cash flow and debt-reduction strategy. The move followed signs of easing tensions, a recovery in Saudi Arabian crude exports above 4 million barrels per day in September, and reduced concern about disruptions after Houthi attacks near Riyadh and on Red Sea shipping lanes.