"We don't really understand why the prices are behaving the way they are," says Saudi oil...

|By:, SA News Editor

"We don't really understand why the prices are behaving the way they are," says Saudi oil minister Ali Naimi, vowing to boost the kingdom's oil output 25% if necessary. He dismisses comparisons to the price surge in 2008, saying supply was far firmer then. At the moment, he says, there are no customers asking for additional crude. USO -2.1%.