Saudi Arabia & OPEC+ are trying to combat “uncertainties and sentiment” in the oil market | Forexlive

Bloomberg (gated) has the report of remarks from Saudi Arabia’s Prince Abdulaziz bin Salman at an Arab-China business forum in Riyadh.on Sunday:

• Saudi Arabia and its OPEC+ allies are trying to combat “uncertainties and sentiment” in the oil market

The translation of this is that the cartel is trying to combat short sellers.

• “I think the physical market is telling us something, and the futures market is telling us something else … That’s why we keep taking these precautionary measures.”

There is an ungated copy of the report here for more.