Oil futures for September settlement erased 0.2 per cent to $89.92 per barrel during today's New York trading session in anticipation of Fed's meeting on Tuesday. As to other oil related products, gasoline for August delivery advanced 0.8 per cent, to $2.91 per gallon; heating oil for August settlement declined by 0.24 per cent to $2.88 per gallon, while September natural gas soared 5 per cent, to $3.17 a million British thermal units.