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Intraday crude swings above $15 per barrel call for a break, Rory Johnston notes
Rory Johnston, industry influencer, commented on the dramatic intraday movements in crude oil prices.
Johnston suggested that a policy allowing for a nap may be warranted when crude oil prices fluctuate by more than $15 per barrel within a single trading day.
Johnston previously highlighted when crude oil prices hit a new nominal all-time high above $144.22 per barrel in July 2008, though the inflation-adjusted peak was higher. Crude reached $144.22 per barrel during turbulent trading sessions that year. The volatility in current trading follows earlier periods of sharp price movements.
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