Crude-oil futures fell in Asian trade Friday, extending overnight losses after Saudi Arabia cut January prices for U.S. and Asian buyers. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at $66.47 a barrel at 0558 GMT, down $0.34 in the Globex electronic session. January Brent crude on London’s ICE Futures exchange fell $0.37 to $69.27 a barrel. Brent crude, which settled at its lowest since May 25, 2010, in the previous trading session, has plunged by around 40% since June. Saudi Arabian Oil Co., also known as Saudi Aramco, Thursday reduced its official selling prices for all oil grades bound for Asia in January by between $1.50 and $1.90 a barrel, compared with December. It also cut prices for all crude grades to the U.S. by between 10 cents and 90 cents a barrel. Oil markets have recently been […]