Reuters | Oil weakens as Saudi sees no need for oil summit to defend prices Reuters The front-month October contract for Brent, the global oil benchmark, shed 5 cents to $48.84 a barrel as of 0217 GMT after it settled up $1.31, or 2.8 percent, on Thursday at $48.89 a barrel. The U.S. crude October contract also lost 14 cents to $45.78 ... |