Oil prices extend losses on concerns over demand

NEW YORK, May 31 (Xinhua) -- Crude oil futures prices continued to fall on Wednesday amid concerns over oil demand.

The West Texas Intermediate (WTI) for July delivery decreased by 1.37 U.S. dollars, or 1.97 percent, to settle at 68.09 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery lost 88 cents, or 1.20 percent, to settle at 72.66 U.S. dollars a barrel on the London ICE Futures Exchange.