Commodity Superfast: Oil Gains After Saudi Arabia Warns Short-Sellers Ahead of OPEC+ Meeting

Today the prices of crude oil have increased rapidly. Crude has increased by about 2%. The Energy Minister of Saudi Arabia has warned the short sellers and said that they should avoid short selling, otherwise, they will have to bear the brunt once again. After this statement, the possibility of further cuts in production increased, due to which crude oil prices increased. The OPEC+ meeting is on 4th June.