WTI falls amid concern demand will drop as shutdown continues

West Texas Intermediate crude dropped for the second straight session on Monday amid concerns that the U.S. economic growth may be slowed down reducing fuel demand as U.S. lawmakers failed to agree on the new debt limit this weekend avoiding technical default. WTI for settlement in November fell 81 cents to $101.21 a barrel on the NYMEX and it was traded at $101.78 as of 12:32 p.m. in Singapore.