It seems that the Saudis are pumping more oil in the beginnings of an effort to stop the price rising much further.

However, it also seems that a trader has cornered the Brent market and Shell has closed four oil platforms in the field.

I am inclined to stay long. Saudi action has been going on during the recent price rise and will take time to have an effect (and the article implies it is not doing much more than keeping up with rising demand), and short-term supply disruptions look set to drive the price higher.