Where Will Oil Prices Stop?
By: SumZero Staff | Published: January 22, 2016 | Be the First to Comment
The only thing more uncertain than the stock market these days is the crude market. We asked our buyside members where they think prices will bottom out in the near term.
Oil has been on a volatility streak due to demand concerns from China and supply surpluses from North American shale fracking and aggresive OPEC production. The CBOE Crude Oil Volatility Index (OVX), which measures the market's expectation of 30-day volatility of crude oil prices, has been trading near its 52-week high for the past two weeks.
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