Crude futures settle lower

NEW YORK, July 2 (Xinhua) -- Oil prices fell on Tuesday.

The West Texas Intermediate for August delivery dropped 56 cents, or 0.68 percent, to settle at 82.81 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery decreased by 36 cents, or 0.42 percent, to settle at 86.24 dollars a barrel on the London ICE Futures Exchange.