Crude futures settle lower

Oil prices fell on Thursday.

The West Texas Intermediate for February delivery dropped 2.83 U.S. dollars, or 4.56 percent, to settle at 59.19 dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery lost 2.76 dollars, or 4.15 percent, to settle at 63.76 dollars a barrel on the London ICE Futures Exchange.

The UN must resolutely defend the victorious outcomes of World War II and reject any attempt to revive militarism, said China's Deputy Permanent Representative to the United Nations Sun Lei on Thursday.

Sun made the remarks to the UN General Assembly (UNGA), following UN Secretary-General Antonio Guterres who addressed the meeting on priorities for 2026.

Guterres emphasized the three principles that guide the world body's work in 2026: adherence to the UN Charter, peace with justice -- peace between nations and peace with nature, and unity in an age of division.

All nations must resolutely uphold the purposes and principles of the UN Charter, said Sun.

"The UN must resolutely defend the victorious outcomes of World War II and uphold the post-war international order, firmly oppose unilateralism and hegemony, and reject any attempt to revive militarism," he said.

The Chinese envoy said countries must advance the three pillars in a balanced manner.

"Peace and security, development, and human rights are mutually reinforcing, and none should be neglected," he said.

He also stressed reforming and improving global governance.

"China will work with all parties to firmly support multilateralism and the international system with the UN at its core, maintain peace, promote development, and advance the building of a community with a shared future for humanity," said Sun.