Oil Falls Near $60 as Market Fears OPEC+ Output Cuts Not Enough
* Saudi minister says curbs of 1 million barrels a day adequate
* Global benchmark and WTI dropped by 5 percent after comments
By Alex Longley
Oil in London fell to near $60 a barrel as the market appeared to disagree with Saudi Arabia’s energy minister, who said output cuts of 1 million barrels a day from OPEC and its allies were adequate to balance the market.