After a period of relative stability in the oil market where U.S. crude benchmark WTI was trading above $70 a barrel for more than a month, traders are now bracing for a wild ride for the rest of the summer. Traders in the crude oil options market expect volatility to spike in the coming weeks and are hedging more against further price declines, data compiled by The Wall Street Journal showed. The increased caution suggests that market participants are weighing the prospect of rising oil supply from OPEC+ in the coming months against concerns about potential stalling of the global oil demand recovery amid the spike ... (full story)