Just when all hope appeared lost for bulls, the crude oil market has staged an impressive comeback. From a fundamental, geopolitical view, the recent Houthi attacks on ships in the Red Sea has heightened concerns about potential oil supply disruptions in the region; headlines that drilling giant British Petroleum (BP) would temporarily halt transits through the Red Sea exacerbated these fears. Now, the US and its allies are reportedly considering military strikes against the rebels, suggesting that the previously announced regional task force may not be enough to secure the key region. Partially allaying those ... (full story)