U.S. Crude Futures Slide Most in 22 Months; Brent Falls

West Texas Intermediate crude slid the most in 22 months and Brent reached a two-year low as ample supply shielded the market from the risk of disruption due to the conflict in the Middle East.

Futures slumped 3.6 percent in New York and 2.6 percent in London. OPEC oil production increased in September, led by a rebound in Libyan output to the highest level in more than a year, a Bloomberg survey showed today. Both benchmarks capped their biggest quarterly declines in more than two years. WTI may approach $90.63 after breaking below $91.50, according to Bloomberg First Word oil strategist Eric D. Pradas.