by Chris Becker
Earlier this year as we watched the decline in oil prices, from over $100USD to less than $45USD per barrel for WTI crude, I cautioned that oil has a history of being extremely volatile on the up and downside and investors should not discount a 20-50% from that low.
In just over two months we saw a 50% rally from those lows and after a long period of stable prices, a breakdown from nearly $60USD to just below $40USD per barrel or almost 40%!