MARKET WATCH: Volatile NYMEX, Brent prices fall on Saudi comments

Light, sweet crude oil prices for April delivery fell $1.52 Feb. 23 to close at $31.87/bbl on the New York market and Brent crude oil prices fell $1.42 on the London market to close at $33.27/bbl after Saudi Arabian Oil Minister Ali al-Naimi said no production cuts are likely.

Source: News