Oil prices rose today by the most in two weeks ahead of the OPEC+ meeting Sunday. The short sellers have come out to play big time in the last several days and Saudi Arabia’s energy minister is warning them to tread lightly. Sources have indicated that the group is not expected to cut production but Saudi Arabia has been known to break from the group and do cuts of their own. The OPEC+ meeting this weekend may be leading to a little caution around those low price levels, particularly in light of the ‘watch out’ warning from the Saudi energy minister, OANDA analyst Craig Erlam said. Tomorrow’s EIA report will be interesting, particularly to see implied fuel demand headed into Memorial Day weekend. WTI traded up $2.01 or 3% to close at $70.10. Brent traded up $1.68 or 2.3% to close at $74.65.