Time for some more oil vol?

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Since the beginning of the year we've seen a marked reduction in oil             volatility , on both an absolute and relative basis. Could we be poised for a move higher in the weeks ahead?
I posted this volatility comparison about a month ago, anticipating a breakout in oil volatility. What we got was a MASSIVE breakout in EQUITY volatility. While oil volatility increased to near 2015 highs, it's still lagging behind gold, interest rate and equity vol. I don't think we've seen real vol in oil, just yet.
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