Volatility has scared players out of the oil market, which in turn is likely to exacerbate price swings
Oil drums are shown near industrial plants and manufacturing facilities in the Keihin industrial area in Kawasaki, Kanagawa Prefecture, Japan. File photo: BLOOMBERG/SOICHIRO KORIYAMA
US West Texas Intermediate crude futures were up 8c, or 0.1%, at $103.06 a barrel, adding to an 8% jump on Thursday. The volatility has scared players out of the oil market, which in turn is likely to exacerbate price swings.
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