Brent, WTI trade below $68 per barrel

Crude oil prices continued to decline on Wednesday, falling to near their lowest level in three months as the summer driving season in the US ended and as diplomatic efforts to end the dispute over Iran’s nuclear program continued. Also helping prices decline were predictions that tropical storm Florence will not enter the Gulf of Mexico, missing oil production areas there.

Brent crude October contracts were 51 cents lower to $67.58 per barrel by late afternoon in London. West Texas Intermediate crude dropped 27 cents to $67.60 per barrel by early afternoon on the New York Mercantile Exchange.