Crude Oil Options Volatility Drops 2.7%

Bloomberg reported that crude oil options volatility dropped after underlying futures fell 3.4 percent.

As quoted in the market news:

Crude oil for August delivery fell $2.32, or 2.7 percent, to $84.90 a barrel on the Nymex at 1:29 p.m., after touching $84.26.

Click here to read the full Bloomberg report.