Light, sweet crude futures for delivery in November CLX4, +0.44% declined $3.41, or 3.6%, to settle at $91.16 a barrel on the New York Mercantile Exchange. It last closed this low on Nov. 7. 2012.
November Brent crude LCOX4, +0.42% on London’s ICE Futures exchange lost $2.53, or 2.6%, to settle at $94.67 a barrel, the lowest settlement since June 2012. On the quarter, Brent plummeted 16% — also the worst quarterly decline since the second quarter of 2012. Brent slid 8.3% in September, its steepest monthly decline since May 2012.
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