NEW YORK, July 3 (Xinhua) -- Crude oil futures prices fell on Monday as investors' concerns over oil demand outlook outweighed additional production cuts from Saudi Arabia and Russia.
The West Texas Intermediate (WTI) for August delivery lost 85 cents, or 1.20 percent, to settle at 69.79 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery lost 76 cents, or 1.01 percent, to settle at 74.65 U.S. dollars a barrel on the London ICE Futures Exchange.
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