The price of crude oil continues to trade above $80 after the International Energy Agency (IEA) announced this week that OPEC+ group is undersupplying the market by 700,000 barrels per day. The International Energy Agency (IEA) reported this week that the OPEC+ group is undersupplying the market by 700,000 barrels per day which pushed oil prices to seven-year highs. The International Energy Agency (IEA) added: "Record coal and gas prices as well as rolling black-outs are prompting the power sector and energy-intensive industries to turn to oil to keep the lights on and operations humming. The higher energy ... (full story)