Crude futures head lower

Crude oil prices edge down 0.4%-0.79% on a statement of the Saudi Arabian energy minister

As of December 14, 07:50 (UTC+3), Brent Crude futures for February settlement were trading 0.4% lower at $ 74,09 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures on the New York Mercantile Exchange fell 0.79% to close at $ 70,73 a barrel.

Crude oil futures turned negative following a statement from the Saudi Arabian energy minister about a possible cut in investment in fossil fuels.