Crude futures settle lower


NEW YORK, June 24 (Xinhua) -- Oil prices fell on Wednesday.

The West Texas Intermediate for August delivery lost 2.87 U.S. dollars, or 3.92 percent, to settle at 70.34 dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery decreased by 3.34 dollars, or 4.33 percent, to settle at 73.74 dollars a barrel on the London ICE Futures Exchange.

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