Crude futures settle lower

NEW YORK, Nov. 5 (Xinhua) -- Oil prices fell on Wednesday.

The West Texas Intermediate for December delivery dropped 96 cents, or 1.59 percent, to settle at 59.60 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery lost 92 cents, or 1.43 percent, to settle at 63.52 dollars a barrel on the London ICE Futures Exchange.