Before the US Federal Reserve’s interest rate announcement, oil prices fell due to concerns about peak rates and energy consumption.

Brent November futures lost 46 cents to $93.88 a barrel, while WTI crude for October delivery lost 20 cents to $91.00.

However, Brent and WTI were overbought for a 14th day, the longest sequence since 2012 and 2018.

The Fed is likely to maintain interest rates, but its policy path will be scrutinized.

High crude oil exports drove down US crude stocks last week, while refiners began autumn maintenance, lowering gasoline and diesel inventories.