Oil prices have fallen against a backdrop of a "looming surplus, even as the U.S. appears headed for a soft landing," said Michael Lynch, president of Strategic Energy & Economic Research.
-- West Texas Intermediate crude CL00 for December delivery CL.1 CLZ24 fell $2.34, or 3.3%, to settle at $68.04 a barrel on the New York Mercantile Exchange, the lowest front-month finish since Oct.