# What Are the Implied Volatilities of Crude Oil and Natural Gas?

By Rabindra SamantaUpdated

## Crude oil’s implied volatility

Crude oil’s (USO) (OIIL) implied volatility was 40.3 on June 24, 2016. Its 15-day average implied volatility is 37.4. This means that its current level is 7.9% above its 15-day average.

Crude oil’s implied volatility spiked to 48.0 on May 16. Since then, its implied volatility has fallen by 16.0% to date. Last week, crude oil fell by 0.7%.

## What about natural gas?

Natural gas’s (UNG) (GASL) implied volatility was 40.0 on June 24, 2016. Its 15-day average implied volatility is 41.8. This means that its current level of implied volatility is 4.1% below its 15-day average.

Natural gas’s implied volatility spiked to 58.7 on May 24, 2016. Since then, its implied volatility has fallen by 31.8% to date. Last week, natural gas futures rose by 1.5%.