New York, Nov 12 (IANS): Oil prices fell on Wednesday as market expected the global supplies to exceed the demand.
The West Texas Intermediate for December delivery moved down $1.28 to settle at $42.93 a barrel on the New York Mercantile Exchange, while Brent crude for December delivery decreased $1.63 to close at $45.81 a barrel on the London ICE Futures Exchange, reported Xinhua.