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November crude futures fell $1.12, to $30.34 a barrel at the New York Mercantile Exchange.
United States crude futures rose 0.4 percent.
In London, Brent crude futures rose to $111.25 a barrel.
Brent crude futures were down over 2%, reaching $110 a barrel.
US crude futures for delivery in a decade's time fell below $60 a barrel.
Crude futures hit records in New York trading, with the September contract reaching $44.50 a barrel.
Brent crude futures rose 2% to $112.12 a barrel, the highest price since early March.
United States crude futures rose 57 cents, or 2.1percentto to $27.28.
Brent crude futures fell to $47.90 per barrel, having hit a low of $47.72 on Tuesday.
Light crude futures settled 63 cents higher at $55.17 on the New York Mercantile Exchange.
Earlier in the day, crude futures traded as low as $111 a barrel.
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