Saudi oilmin says doubts oil prices will fall

Saudi Arabia’s Oil Minister said on Friday he wants oil prices to come down, but doubts they will because of issues besides market fundamentals.

“Of course I want (oil prices) to come down, but they are not going to come down because there are many issues besides demand and supply,” Ali al-Naimi told reporters in the Indian capital. U.S. oil futures were trading up 40 cents at $66.66 a barrel.