Oil Volatility and Price Predictions: Insights from JPMorgan and Commerzbank.

The use of options-hedging strategies by traders has contributed to the recent surge in oil price volatility, according to analysts. These strategies involve buying and selling options contracts to protect against price swings, but can also exacerbate market movements. The increased use of options trading has been driven by a combination of factors, including rising uncertainty in the global economy and geopolitical tensions.