WTI falls as U.S. government heads for shutdown

West Texas Intermediate oil decreased earlier on Monday trading session to its weakest level since July 5 amid speculations that demand for the commodity will shrink as the U.S. government is facing its first shutdown in 17 years. WTI futures with delivery in November fell $1.42 to $101.45 a barrel on the NYMEX after it was traded at $101.50 as of 2:49 p.m. in Singapore.