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Oil Price Volatility Soars Near Record Highs
zerohedge.com / by Tyler Durden on 02/16/2016 11:04
Oil prices (and the broader financial markets) have suffered from acute bouts of volatility so far in 2016, with dramatic intraday swings the most worrying feature, and as OilPrice.com’s Charles Kennedy warns, this shows no signs of letting up.
With realized volatility soaring…
The CBOE Crude Oil Volatility Index, that tracks (as it name suggests) the implied volatility of crude oil, has spiked to a level not seen since the global financial meltdown in March 2009. While energy analysts have closely watched the crash of oil prices since mid-2014, only in the past two months – largely since OPEC’s December meeting – has crude oil volatility surged to its highest level in seven years.
The post Oil Price Volatility Soars Near Record Highs appeared first on Silver For The People.
Source: http://silveristhenew.com/2016/02/16/oil-price-volatility-soars-near-record-highs/
