Crude's Breakout Leaves Market Uncertain

摘要

Compared with the volatility that permeated crude oil markets during the second half of 2008 and early 2009, the past few months have shown significant calm. Since front-month crude oil futures on Nymex closed above $65 on May 28, they ended daily trading within a $65 to $75 band 87% of the time. Not since July 29 - when the price dipped below $65 for a day - had they closed outside this range, until Wednesday that is.