Oil Prices Being Driven By CTAs: Credit Suisse

After a year of relative stability, volatility has returned to the oil market with a vengeance this week, but despite the large moves in oil prices to the downside analysts at Credit Suisse believe there’s no reason for long term oil investors to panic just yet. In a research report published on Thursday (before Friday’s 5% drop and subsequent recovery) an the analysts at the Swiss bank claim that the recent oil volatility is illustrative of a broader theme affecting markets. Specifically, markets are increasingly making quick turns with no new fundamentals data driving of the price action. Recent oil price…