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Saudi Oil Minister: No Intention To Cut Production

|Includes: iPath S&P Crude Oil Total Return Index ETN (OIL)

Saudi Oil Minister "Ali Al-Naimi" confirmed today that Saudi Arabia has no intention to cut oil production. This is according to many Arabic newspapers, including the Middle East and Albawabhnews.

In Alriyadh news: Al-Naimi answered by "FORGET" to a question about cutting oil production by OPEC members.

Sources:

www.albawabhnews.com/1878841

www.alriyadh.com/1146349