Bloomberg reported that crude oil options volatility went up as futures fell for the first time this week as reports showed US unemployment benefits claims were higher than forecast.
As quoted in the market news:
Crude oil for March delivery slipped 46 cents to $97.49 a barrel on the Nymex. Prices declined as initial jobless claims rose to 368,000 last week, exceeding the median forecast of economists surveyed by Bloomberg. The Bloomberg Consumer Comfort Index dropped for a fourth week.