Brent Holds At $80 After Red Sea Attacks

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…