Oil Volatility Strengthens as Futures Advance to 26-Month High

Bloomberg reports that Oil options volatility strengthened as the underlying crude futures rose to a 26-month high.

The market news is quoted as saying:

Implied volatility for at-the-money options expiring in February, a measure of expected price swings in futures and a gauge of options prices, was 31.1 percent as of 4 p.m. in New York, up from 29.8 percent Dec. 3.

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