Crude Oil Volatility in Context

Oil is back in the news, with a situation seemingly similar to that of last March: escalating hostilities, constraints in the Straits of Hormuz, and renewed prospects of rapidly tightening supply. But how does recent crude oil volatility rank historically? Brett Friedman, Winhall Risk Analytics/OptionMetrics Contributor leverages options data to take a look.Crude Oil pumpjack at sunset by Zbynek Burival via Unsplash