Oil prices tumble amid U.S. inventory data

NEW YORK, Nov. 29 (Xinhua) -- Oil prices extended losses Wednesday as traders digested the newly-released U.S. crude stockpile data.

The West Texas Intermediate for January delivery decreased 69 U.S. cents to settle at 57.30 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery dipped 50 cents to close at 63.11 dollars a barrel on the London ICE Futures Exchange. Enditem