Oil fell in New York for the first time this week as fears of Russian military retaliation against Turkey dissipated.
West Texas Intermediate for January delivery fell 53 cents, or 1.2 percent, to $42.51 a barrel at the 1 p.m. close of trading on the New York Mercantile Exchange. The volume of all futures traded was 74 percent below the 100-day average. Floor trading was closed today because of the U.S. Thanksgiving holiday.
Brent for January settlement slid 71 cents, or 1.5 percent, to $45.46 a barrel on the London-based ICE Futures Europe exchange, the first decline in seven days. The European benchmark crude traded at a premium of $2.95 to WTI.