CNBC | Oil Prices Continue To Rise On Hollow Saudi Comments OilPrice.com Last week Saudi Arabia's Oil Minister said that the large number of short positions on crude have caused prices to fall, even though the market is already rebalancing itself. This statement immediately led to frantic covering, which pushed prices higher. Oil price gushers as OPEC brings bulls back into market US Oil Prices Rise to Seven-Week High Why oil prices stampeded into bull-market territory |