NEW YORK, May 23 (Xinhua) -- Crude oil futures prices advanced on Tuesday as Saudi energy minister's latest comments drove up expectations of another production cut by oil producing countries.
The West Texas Intermediate (WTI) for July delivery gained 86 cents, or 1.19 percent, to settle at 72.91 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery moved up 85 cents, or 1.12 percent, to settle at 76.84 U.S. dollars a barrel on the London ICE Futures Exchange.
