Crude futures settle lower on Naimi comments

摘要

New York-Crude futures settled lower Thursday, unable to sustain overnight gains, after Saudi Oil Minister Ali Naimi seemed to dismiss the possibility Saudi Arabia or OPEC would cut production. ICE January Brent closed $1.91 lower at $59.27/b. The contract swung as high as $63.70/b in European trading, but weakened when New York opened.