NEW YORK, Nov. 8 (Xinhua) -- Oil prices fell on Tuesday as market participants awaited data on U.S. fuel stockpiles.
The West Texas Intermediate for December delivery lost 2.88 U.S. dollars, or 3.1 percent, to settle at 88.91 dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery decreased 2.56 dollars, or 2.6 percent, to close at 95.36 dollars a barrel on the London ICE Futures Exchange.
Traders continued to assess the prospects for energy demand in the backdrop of major central banks' policy tightening.
The U.S. Energy Information Administration will release its weekly petroleum status report on Wednesday. Analysts surveyed by S&P Global Commodity Insights expect the report to show a decline of 0.7 million barrels in U.S. crude supplies during the week ending Nov. 4. ■
