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Saudi Energy Minister Says Oil Speculators Should Watch Out

OIL

Saudi Energy Minister Prince Abdulaziz bin Salman said at the Qatar Economic Forum that oil short-sellers should watch out.

  • “I keep advising them that they will be ouching — they did ouch in April. I would just tell them: Watch out,” bin Salman said.
  • Earlier this week, Standard Chartered analysts said OPEC nations are likely to act during their next meeting on 3-4 June amid current speculative trading.

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