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Oil Falls as Saudi Arabia Seeks More Major Production Hikes

(Bloomberg) -- Oil fell to intraday lows on signs Saudi Arabia wants another major production increase, raising expectations that a glut of crude will form this year. Most Read from BloombergThe Global Struggle to Build Safer CarsICE Moves to DNA-Test Families Targeted for Deportation with New ContractAt London’s New Design Museum, Visitors Get Hands-On AccessLA City Council Passes Budget That Trims Police, Fire SpendingNYC Residents Want Safer Streets, Cheaper Housing, Survey SaysWest Texas Int

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