Between Crude Oil’s yearly high at 87.29, and the largest yearly correction low at 77.90, the CBOE Oil Volatility Index simultaneously shifted from its yearly highs to a record yearly low on Friday. Contrarian views took the lead at Crude Oil’s yearly high after Brent Call option volumes hit an all-time high shortly before the trend shift. Dropping back to the significant yearly lows, marking a nearly 50% decline, several fundamental factors have stepped into the play: • Geo-political tensions: Israel is sending evacuation orders for citizens out of Rafah for a potential long-expected attack on the Gazan city • OPEC+ ... (full story)