After a few days of trading CL, it turns out that a big factor moving the oil market is the FX rate change, specifically, EUR/USD pair. A calendar spread on CL will remove this FX factor so the focus can be on the oil price actions.
Got an option trade busted likely related to NASDAQ shutdown.
We are waiting to read the latest FOMC Minutes tomorrow and anticipate another gyration.
CL contract is priced in decimal, which moves pretty fast on a phone screen!