In an analysis published in the WSJ, it was stated that while the fluctuation clouded the oil market, it attracted traders with the short-term return opportunities it created.
However, this discourages the long-term thinking investor who is used to lower volatility.
Oil prices dropped to the lowest level in about a month yesterday, with the realization that stocks in the USA continued to increase.
The big fluctuations in the market caused hedge funds and other short-term investors to shift their interest here.
“We love bilateral volatility,” said one trader.