Saudi's Naimi says oil markets are settling

JIZAN, Saudi Arabia (Reuters) - Saudi Arabia's Oil Minister Ali al-Naimi said on Wednesday that oil markets are settling.

"We don't want anything that creates volatility in the market," Naimi told reporters on the sidelines of a conference in the port city of Jizan, southwest Saudi Arabia.

(Reporting by Rania El Gamal and Reem Shamseddine; Editing by Dale Hudson)