Brent Holds At $80 After Red Sea Attacks ...Middle East

OILPRICE - Economy
Brent Holds At $80 After Red Sea Attacks
source : OILPRICE ( Middle East ) () 45
Attacks on shipping in the Red Sea continued over Christmas, but Brent crude failed to extend its rally on Wednesday morning. Shipping Disruptions See Reversal in Hedge Fund Strategies - Shipping disruptions in the Red Sea might be the bullish moment oil markets were waiting for as hedge funds stopped shorting crude futures for the first time since September. - After 10 consecutive weeks of hedge funds cutting their net length in the WTI contract, in the week ending December 19 that trend saw a reversal, even if coming from lower short positions…

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