Oil rose in New York before a report that may show the U.S. economy expanded more than previously estimated last quarter. Prices moved between gains and losses in London after Saudi Arabia ’s oil minister said the world’s biggest exporter won’t lower production if this year’s price plunge persists. West Texas Intermediate climbed as much as 2.9 percent in New York, paring this year’s decline to 43 percent. Saudi Arabia, OPEC’s biggest producer, doesn’t plan to pump less “whatever the price is,” Oil Minister Ali Al-Naimi told the Middle East Economic Survey yesterday. The U.S. economy expanded 4.3 percent in the third quarter from a year earlier, a Bloomberg News survey shows. Crude is set for the biggest annual loss since 2008 amid the highest U.S. output in more than three decades and signs of slowing global demand growth. Stockpiles in the U.S., the world’s largest oil consumer, probably […]