"...A leading indicator of sentiment in the oil markets – the CBOE Crude Oil Volatility Index (^OVX, referred to as the “Oil VIX”) – closed at 41.54 on Wednesday. Though down from the mid 50s in July, it has been above 30 for much of the year. Last year, when crude prices were around $100 per barrel, the Oil VIX rarely poked above the 20 level. ..."
The oil VIX is an inverse indicator so a move higher implies a lower oil price.
SSN Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
