Crude Oil Options Fall as Futures Gain on U.S. Economy

Crude oil options volatility dropped for a third day as the underlying futures rose on signals that U.S. economic expansion is accelerating.

Implied volatility for at-the-money options expiring in January, a measure of expected price swings in futures and a gauge of options prices, was 25.88 percent as of 4 p.m. on the New York Mercantile Exchange, down from 27.84 in the previous trading session.