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World

WTI crude futures settle lower

By Kuai Bixiaoxin

NEW YORK, Nov. 4 (Xinhua) -- Oil prices declined on Wednesday.

The West Texas Intermediate (WTI) for December delivery lost 7.97 dollars, or 8.29 percent, to settle at 88.12 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery dropped to 8.98 dollars, or 8.67 percent, to settle at 94.62 dollars a barrel on the London ICE Futures Exchange.

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