Crude Underpriced in the 80s as Hormuz and Red Sea Threats Persist Oil Firms as Weaker Dollar Adds to Supply Squeeze

Source Summary

A quiet news day let crude catch its breath near the 50 day moving average, but the underlying story hasn't changed. EIA draws came in significant again, US supply is sitting near tank bottoms, and both the Strait of Hormuz and the Red Sea remain eit...