Why oil appears underpriced despite shortages

The question everyone should be asking themselves right now, this second, is why isn’t oil $130 per barrel? Today. Right now. When you look around the world, there are a lot of indications which strongly suggest crude is being drastically underpriced. A lot of it has to do with uncertainty, and I mean that in a very real sense – you don’t know if tomorrow the war’s over and tanker traffic spools up which means the crude price collapses. But that doesn’t fully account for the sheer scale of what’s already happened. 

Eurodollar University's Money & Macro Analysis

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With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust. 

To watch a replay of our webinar, click below. 
https://youtube.com/live/dkgSJvjWs5M?feature=share

To take advantage of our limited-time Eurodollar University subscription offer to get access to all EDU materials, reports, and data, visit the link below:

https://www.eurodollar.university/webinar-offer

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Hormuz Tracker: Saudi Crude Heads to Pakistan in Rare Transit
https://www.bloomberg.com/news/articles/2026-03-29/hormuz-tracker-saudi-crude-heads-to-pakistan-in-rare-transit

The Strait of Hormuz Oil Shock Is Now Heading West
https://www.bloomberg.com/graphics/2026-iran-war-hormuz-closure-oil-shock/

Asia’s Air Travel Crisis Risks Spreading on Iran War’s Jet Fuel Squeeze
https://www.bloomberg.com/news/articles/2026-03-27/air-travel-crisis-risks-spreading-on-iran-war-s-jet-fuel-squeeze

Pressure Mounts on Europe Diesel Supply as Tankers Turn Away
https://www.bloomberg.com/news/articles/2026-03-30/tankers-carrying-diesel-toward-europe-change-course-in-atlantic

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU