# Oil market volatility is at an all-time high -
		U.S. Energy Information Administration (EIA)

> The EIA reports that crude oil prices fell sharply in early 2020 amid COVID-19 economic contraction and a surge in supply after OPEC and partner production cuts were suspended. Daily WTI price swings became extremely volatile, and the OVX oil volatility index reached 190 on March 20, its highest since inception in 2007.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9201-oil-market-volatility-is-at-an-all-time-high-u-s-energy-information
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Extreme volatility widens trading ranges and raises hedging costs for buyers of energy-linked feed inputs. Falling crude prices with a demand collapse point to lower energy costs and weaker prices for biofuel-linked feed ingredients.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-30 | [ECB’s Sleijpen: Energy price retreat will have an impact on inflation](https://feedsoft.ai/events/19031-ecb-s-sleijpen-energy-price-retreat-will-have-an-impact-on-inflation.md) | -3.1% | +17.1% |
| WTI | 2023-12-12 | [U.S. crude oil falls more than 3% on inflation worries](https://feedsoft.ai/events/32888-u-s-crude-oil-falls-more-than-3-on-inflation-worries.md) | +1.7% | +0.6% |
| WTI | 2022-07-11 | [EMERGING MARKETS-Colombian and Chilean pesos hit all-time-lows on commodity falls, recession fears](https://feedsoft.ai/events/40784-emerging-markets-colombian-and-chilean-pesos-hit-all-time-lows-on-commodity.md) | -6.8% | -14.4% |
| WTI | 2025-06-01 | [Oil falls as higher OPEC+ output expectations weigh on sentiment](https://feedsoft.ai/events/24838-oil-falls-as-higher-opec-output-expectations-weigh-on-sentiment.md) | +6.2% | +7.6% |
| WTI | 2020-03-27 | [Oil price crash: a glimpse into the future for global energy markets? Q&A with Pierre Noel](https://feedsoft.ai/events/7880-oil-price-crash-a-glimpse-into-the-future-for-global-energy-markets-q-and-a.md) | +37.1% | -32.8% |

## Sources

- eia.gov: https://www.eia.gov/todayinenergy/detail.php?id=43275

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.