Given the extreme levels of volatility in the oil market at present, percentage drops and upticks in front-month futures prices have begun to seem daft. With both Brent and WTI trading around historic 12-year lows and lurking either side of $30 per barrel level these percentages are relatively meaningless.
Oil Price Rise To $50 Likely By Q4 2016 As Market Fundamentals Have Not Materially Altered
Forbes - 22 Jan 2016 23:07
Given the extreme levels of volatility in the oil market at present, percentage drops and upticks in front-month futures prices have begun to seem daft. With both Brent and WTI trading around historic 12-year lows and lurking either side of $30 per barrel level these percentages are relatively meaningless.
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