Oil prices extended their recent weakness today, finding support at around $102 again before bouncing back, driving by recession fears. Crude has whipped back and forth as the Fed’s commitment to taming inflation “has shaken the confidence of investors using crude as an inflation hedge,” said Rebecca Babin, senior energy trader at CIBC Private Wealth Management. “Market liquidity is challenged as volatility has also taken its toll on traders and investors alike, leaving crude susceptible to massive swings.” Futures holdings are at the lowest since 2016, leaving headline prices prone to outsized swings. API: • Crude ... (full story)