The price of U.S. benchmark WTI crude is becoming increasingly volatile

The price of U.S. crude oil benchmark West Texas Intermediate (WTI) has been increasingly volatile since November of last year, following the decision by OPEC to maintain production over defending oil prices. The chart above shows the number of days the price of oil changed by a certain percentage of its value at close the previous day for January 1st through November 3rd for both 2014 and 2015.

In 2014, leading up to the OPEC decision, WTI prices remained relativel...

Tags: , , ,

Legal Notice