Crude Oil is Underpriced, Energy Aspects Says
Oil futures prices are disconnected from reality on the ground in the Middle East and should be trading closer to $150 a barrel for some physical crude prices, Amrita Sen, founder and director of market intelligence at Energy Aspects, told CNBC on Friday. The market is surprisingly complacent agains
Source: OilPrice.com
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DW NOTE
Energy Aspects says crude is underpriced while Brent trades at $104 and the Strait of Hormuz has been effectively shut for 223 days. If a seven-month supply choke and active tanker attacks in the Gulf constitute fair value, the firm's pricing model needs recalibration.