What History Reveals About Today’s Crude Oil Volatility

AI Summary

The crude oil market in 2026 is experiencing record volatility, surpassing levels seen during previous crises including the 2008 financial crisis and the 2022 Russia-Ukraine conflict. The heightened price swings are concentrated in near-term delivery contracts amidst ongoing global uncertainties.

Crude oil markets have experienced heightened levels of volatility in 2026, with a record $38 intraday trading range set on March 9, surpassing past records from the 2008 financial crisis, the 2020 pandemic-driven demand collapse and the 2022 Russia-Ukraine conflict. Notably, however, volatility remains concentrated in near-term delivery contracts as the crude oil market remains ...