Brent crude for January delivery settled at $94.62 a barrel on Wednesday, November 4, down $8.98, or 8.67 percent, DTN reported. It was Brent's lowest settlement since August 31, when it settled at $90.49.
West Texas Intermediate for December delivery settled at $88.12, down $7.97, or 8.29 percent. It touched $87.13 during the session. It was WTI's largest one-day loss since April 17, when it settled at $83.85, down 11.45 percent.