Oil prices were higher today in another volatile session after initially trading down more than $1 earlier in the session. Further support came from comments by Saudi Arabia’s Energy Mister Prince Abdulaziz bin Salman that emergency reserves were being used as a mechanism to manipulate markets. “It is my duty to make clear that losing emergency stocks may be painful in the months to come,”. Meanwhile, tightening markets for LNG worldwide and supply cuts by major oil producers have put the world in the middle of “the first truly global energy crisis,” Fatih Birol, the head of the International Energy Agency said. The comments out of Riyadh and from the IEA are “a reminder that when it comes to the energy crisis, it’s far from over,” said Phil Flynn, an analyst at Price Futures Group. “There are still concerns the market is undersupplied.” WTI was up $.74 or .87% to close at $85.32. Brent was up $.26 or .28% to close at $93.52.