WTI crude futures settle lower

NEW YORK, Nov. 27 (Xinhua) -- Oil prices fell on Monday.

The West Texas Intermediate (WTI) for January delivery dropped 68 cents, or 0.9 percent, to settle at 74.86 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery decreased 60 cents, or 0.74 percent, to settle at 79.98 dollars a barrel on the London ICE Futures Exchange.