Light crude for December delivery fell 38 cents, or 1.05 percent, to settle at $35.79 a barrel on the New York Mercantile Exchange. Brent crude for December delivery in London fell 19 cents, or 0.50%, to settle at $37.46 a barrel.

The number of active oil RIGS in the United States rose by 10 to 221 this week, according to data released By U.S. oilfield technology services company Baker Hughes on Wednesday. The number of active oil RIGS in the United States rose for the sixth consecutive week and fell by 470 compared with the previous year.

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