Crude futures settle lower


NEW YORK, Nov. 2 (Xinhua) -- Oil prices fell on Monday.

The West Texas Intermediate for December delivery dropped 7.66 dollars, or 7.36 percent, to settle at 96.46 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery decreased by 8.66 dollars, or 7.63 percent, to settle at 104.77 dollars a barrel on the London ICE Futures Exchange.

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