along that line of thought - price volatility -
http://finance.yahoo.com/news/this-is-a-sign-oil-prices-could-fall-further-223443273.html#
"...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.
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