Oil Prices Rise As Saudi Energy Minister Threatens Short Sellers

Oil prices rose by nearly 2% early on Tuesday after the Saudi energy minister warned short sellers to “watch out” and as seasonal demand for fuel is set to rise at the start of the U.S. driving season this weekend. As of 9:00 a.m. EDT on Tuesday, WTI Crude, the U.S. benchmark, was up by 1.93% at $73.44. The international benchmark, Brent Crude, traded at $77.29, up by 1.71% on the day. Earlier on Tuesday, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, warned traders, again, against shorting oil futures, less than…