Crude Futures Settle Lower

NEW YORK, Jan 3 (Xinhua) — Oil prices fell on Friday, reported Xinhua.

The West Texas Intermediate for February delivery lost 10 cents, or 0.17 per cent, to settle at US$57.32 a barrel on the New York Mercantile Exchange.

Brent crude for March delivery dropped 10 cents, or 0.16 per cent, to settle at US$60.75 a barrel on the London ICE Futures Exchange.