Saudi Arabia's Energy Minister Tells Short Sellers To 'Watch Out'

Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman has warned traders, again, against shorting oil futures, less than two weeks before the OPEC+ panel on production policy meets on June 4. Prince Abdulaziz bin Salman promised oil speculators back in 2020, “I’m going to make sure whoever gambles on this market will be ouching like hell.”  The OPEC+ cuts announced in early April this year caught speculators by surprise and threw the short sellers under the bus. Amid the oil price selloffs following the banking…