Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month. International benchmark Brent crude oil prices LCOc1 were trading at $49.55 per barrel at 2114 ET, down 12 cents from their previous close. U.S. West Texas Intermediate (WTI) crude CLc1 was down 7 cents at $47.26 a barrel. Saudi Arabian Energy Minister Khalid Al-Falih told Reuters late on Thursday that “we don’t believe any significant intervention in the market is necessary other than to allow the forces of supply and demand to do the work for us,” adding that the “market is moving in the […]