Crude Extends Losses As Saudi Minister Says "Will Not Cut Oil Production" To Support Prices

“Saudi Arabia isn’t ready to cut its production” of oil to support prices, which have been hurt by a supply glut, AFP reports citing interview with Foreign Affairs Minister Adel al-Jubeir.

Oil prices to be “determined by supply and demand and by market forces”

And Crude is extending its losses .... http://www.zerohedge.com