Crude futures settle lower


NEW YORK, May 7 (Xinhua) -- Oil prices fell on Wednesday.

The West Texas Intermediate for June delivery decreased 1.02 U.S. dollars, or 1.73 percent, to settle at 58.07 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery lost 1.03 dollars, or 1.66 percent, to settle at 61.12 dollars a barrel on the London ICE Futures Exchange.

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