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Oil Turns Higher As EU Looks To Welcome Vaccinated Tourists

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Oil prices recouped earlier losses…

Could Oil Prices Hit $80 Per Barrel?

Could Oil Prices Hit $80 Per Barrel?

Oil prices have rallied over…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

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Volatility In Oil Markets Hits A 7 Year High

Everyone knows that oil prices have crashed, and that has opened up a variety of avenues for investors to play the market.

Some may have been burned by staying long on the energy sector, others have tried to pick the bottom. Other investors have found ETFs that track the price of WTI, or ETFs that trade inversely to oil prices, which amount to bets that prices will fall further.

In these uncertain times, one strategy would be to bet not on oil prices rising or falling, but simply bet on oil price volatility. If that was your strategy, you probably did pretty well since late 2014. In fact, the CBOE Crude Oil Volatility Index (OVX) is at its highest point since the meltdown of the global economy in 2008.

OVX over the past week even eclipsed the original oil price collapse in late 2014 and early 2015. In other words, oil markets are at their most volatile point right now in nearly a decade. Related: Oil Prices Approach $26 After Bearish IEA Report

 

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By Charles Kennedy of Oilprice.com

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