The real driver behind the latest oil price selloff is the reversal of last week s speculation that an OPEC+ cut may be coming following a thinly veiled threat by the Saudi energy minister
Saudi Arabia's Energy Minister Abdulaziz bin Salman said on Tuesday he would make short sellers "cry out" and tell them to "be careful". The OPEC+ meeting, which will decide future oil policy, will take place in a few days.