Benchmark crude for June delivery fell 54 cents to settle at USD 69.41 a barrel on the New York Mercantile Exchange.
In other Nymex trading in June contracts, heating oil fell 2.37 cents to settle at USD 1.9615 a gallon. Gasoline settled unchanged at USD 2.0431 a gallon. Natural gas gave up 5.6 cents to settle at USD 4.342 per 1,000 cubic feet.
In London, the Brent crude July contact dropped 67 cents to settle at USD 74.43 on the ICE futures exchange.