Oil trading lower in futures markets to begin the new week

Adam posted the comments from Iraq’s oil minister over the weekend, saying they were unclear:

• Iraq won’t agree to new oil production cuts, minister says

The minister did get around to clarifying his muddled remarks, saying Iraq would do OPEC’s bidding:

• Iraq’s muddled weekend comments on oil – deciphering continues

Update for oil, dribbling just a little lower to start the week (US futures trade opened just over an hour ago):