VIX Jumps Again as Oil Shock and Hot Inflation Shake Wall Street
The Cboe Volatility Index rose nearly 3% to 23 on Wednesday after reports of strikes on an Iranian gas field and higher U.S. wholesale inflation. Oil volatility surged, with the OVX crude-oil gauge hitting 120 last week, its highest since 2020. Brent crude traded near $110 a barrel. Global energy-sector funds saw $2.1 billion in inflows so far this month.