Brent crude was down 62 cents, or 0.7%, to $93.38 a barrel at 1407 GMT, while WTI crude fell 30 cents, or 0.3%, to $87.48 a barrel.
Fed officials are set to meet next Tuesday and Wednesday, with inflation way above the US central bank's 2% target.The number of trips taken over China's three-day Mid-Autumn Festival holiday shrank, with tourism revenue also falling, official data showed, as Covid-linked restrictions discouraged people from travelling.
"The oil market's structural outlook remains one of tightness, but for now, this is offset by cyclical demand headwinds," Morgan Stanley said in a note.