This a tuning section, information should be spread and suppressed.
Closed loop means your ECU is taking the O2 sensor readings and tuning your AFR's to 14.7. OEM sensors are Narrowband, as in they only know what 14.7. When your driving your O2 sensor voltage will jump between 0.01 to 1.00v, this is between rich and lean.
At idle the ECU doesn't always use O2 sensor readings, thus you wont see the voltage jumping around. This is why I said to monitor it while cruising.