Crude oil falls for fifth day to $91.57 as supply fears ease

  • Crude oil prices declined for a fifth consecutive day to $91.57 per barrel.
  • September 22 prices fell 0.87% after crude traded above $104 earlier this month.
  • Prediction markets assigned 0.5% odds by September 30 and 10.5% by December 31.

Crude oil prices declined for a fifth straight day to $91.57 per barrel on September 22, down 0.87%, after trading above $104 earlier this month. Easing supply concerns in the Middle East have contributed to the retreat, prompting market participants to reduce expectations for a new near-term record. Prediction-market data puts the probability at 0.5% by September 30 and 10.5% by December 31, leaving room for future volatility. Traders will watch comments from OPEC Secretary General Mohammad Sanusi Barkindo and Saudi Minister of Energy Abdulaziz bin Salman Al Saud, alongside developments in Middle East stability and global oil demand.

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