Saudi oil minister says the cautious approach is paying off 16-Jun-21 10:10 pm AnalysisAnalysis, Crude Anirudh Sethi Oil near the highs of the day Saudi Arabia’s oil minister isn’t hinting at any change in strategy with oil prices well above $70/barrel. He said the market is ‘not out of the woods yet’. WTI just touched a session high of $72.96.