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CBOE Crude Oil ETF Volatility Index Climbs Above 120 on Supply Fears

According to FRED (Federal Reserve Economic Data), the gauge reached its highest level since the 2020 negative oil price crisis as Middle East conflict and risks around the Strait of Hormuz pushed oil briefly above $100.

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Terms & Concepts
  • Volatility Index: A market measure of expected price swings, often used to track investor fear or uncertainty over a specific asset.
  • Strait of Hormuz: A key global oil shipping chokepoint where disruption can threaten crude supply flows and raise energy market volatility.