Comments made by Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS), sent Brent crude to its highest in more than two years, to US$59.30 a barrel, Reuters reports . West Texas Intermediate was more impervious to the comments, but it also gained a few cents, to close at US$52.64 a barrel—the highest in six months. The comments themselves are of the Saudi garden variety, and include a) a stale reassurance that the Aramco initial public offering is still on track for its scheduled takeoff in the second half of 2018; b) a vague pledge to do whatever it takes to support oil prices; and c) a vow to quit its oil dependency and move beyond fossil fuels at some point. No matter that the assurances have all been made before—the comments add to the already growing optimism about OPEC’s production cut deal, which will almost certainly be extended until […]