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Crude Oil Market Commentary – Blue Lacy Advisors, LLC

Minneapolis, MN | September 22, 2022 | By: Steve Sinos, Blue Lacy Advisors LLC

Crude Oil

Implied volatility (IV) spent another week at the upper end of the previous month’s range. Across the first six months of the forward curve, at-the-money IV was above 45. For the first four months of 2023 futures, IV exceeded 50. That level of volatility roughly calculates into a daily price range of ≥$2.75/bbl. Four of the five days last week exceeded this expected volatility, with the average daily change of $3, but Friday’s close was just 18 cents below 2 Sep 22.

*This summary is based off September 11, 2022

A free excerpt, such as this one, will be published on a delay periodically. This is an excerpt from Blue Lacy Advisors, LLC's (“Blue Lacy”) weekly commentary for clients, which is based on a collection of models, research/analytical subscriptions, and bespoke work. Each week Blue Lacy explores how market drivers included in these analyses might affect or be used in clients' planning, budgeting, and execution of strategy. Call Blue Lacy to make an appointment today!


Meet the Author!

Phone: +1-832-413-3124

Steve has spent his career in strategy, risk, trading, and investment. He works with investors to source investments in opportunistic or high growth sectors, with particular interest in early-stage companies solving clearly defined problems.

He is currently a Managing Partner with Blue Lacy Advisors LLC, giving management teams and investors confidence in their decision making by supporting strategic planning and execution, risk management, commodity trading, and market analysis.

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