London — Crude oil futures ticked down during European morning trading Thursday on increased output from Saudi Arabia and a build in US stocks, although supply concerns muted the downward move somewhat. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 0930 GMT Thursday, the December ICE Brent crude futures contract was down $0.14/b from Wednesday’s settle at $86.15/b, while the NYMEX November light sweet crude contract was down $0.12/b at $76.29/b. Looking firstly at increased output, Saudi Arabia’s spare capacity currently stands at 1.3 million b/d, with the country having increased its crude production to 10.7 million b/d, oil minister Khalid al-Falih said Thursday. Falih said on Wednesday that the kingdom is currently pumping at close to its all-time high, with November output expected slightly higher. On top of this, Russia hit record production of 11.356 million b/d in September, with potential to boost […]