Saudi energy minister concerned about oil price volatility By AYA BATRAWY, Associated Press ABU DHABI, United Arab Emirates (AP) — Saudi Arabia's energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86. "I think what we need to do is narrow the range ... of volatility," Khalid al-Falih said. "We need to do better