Amanda Townsley, CME Group
AT A GLANCE
- WTI crude oil prices fell 25% in the third quarter, but volatility showed little sign of slowing down
- Economic uncertainty and geopolitical risks are reasons volatility may persist
The third quarter of 2022 was weak for oil. Nearby WTI futures price fell about 25% to $80 a barrel, more than 10% lower than before the Russo-Ukrainian war began. Futures curve shape has collapsed:…
