Oil fell as falling Chinese imports bolstered concern that slower growth will worsen a global oil surplus. In China, imports fell for a second month as a property slump hurt domestic demand. The trade surplus climbed to a record of $49.8 billion in August as exports rose on the back of increased shipments to the U.S. and Europe.

WTI for October delivery dropped 1.35% to $92.12 a barrel on the New York Mercantile Exchange.

Brent for October settlement slipped 0.77% to $99.88 a barrel on the London-based ICE Futures Europe exchange.