Crude futures settle lower


NEW YORK, July 1 (Xinhua) -- Oil prices fell on Wednesday.

The West Texas Intermediate for August delivery dropped 92 cents, or 1.32 percent, to settle at 68.58 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery lost 1.38 dollars, or 1.89 percent, to settle at 71.57 dollars a barrel on the London ICE Futures Exchange.

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