Saudi Arabia Is Changing Its Tone In The Oil Market

Saudi Arabia is talking the oil market up lately. That's a big change from a few months when it was talking the market down.  In fact, Saudi Arabia has been doing much more than talking the oil market up -- it has been hiking oil prices. It was back in February when Ali al-Naimi, Saudi Arabia’s petroleum minister at the time, told American frackers publicly that they would be crushed by the market. By an oil oversupply, that is, due to the fact that they didn’t have the cost structure ...