With recent geopolitical upheavals, economic shifts, and fears of tightening supply, you might have expected oil prices to skyrocket. On the contrary, the oil price (CL2Spot) has been trading sideways around $80 since mid-2022. This unusual development raises two key questions: firstly, has the market misread the true price of oil, and, more importantly, is there a lucrative trading opportunity present? Before we explore potential trading opportunities, it’s essential to understand the global context. US commercial crude oil inventories recently fell by 4.5 million barrels, exceeding expectati…