With oil prices exploding higher yesterday, we take a look at how WTI has performed following similar spikes of volatility. By yesterday’s close, WTI futures enjoyed their 5th most bullish session according to Reuters data going back to December 1984. If prices are to remain elevated, it will surely put an extra strain on growth numbers as costs to consumers and businesses rise, which inadvertently brings along inflation. However, today we’ll look at how WTI prices traded higher levels of bullish volatility. Please note, the table on the left shows the top 30 bullish days using close to close data, whereas the right ... (full story)