-
Crude Climbs as Volatility Continues
Crude oil has treated traders with sharp swings this week. After declining by 4.7% earlier in the week, crude has almost fully recovered. In Thursday’s North American session, West Texas Intermediate crude oil futures are trading at $57.77, up $0.79 or 1.34%. Brent crude oil futures are trading at $63.24, up $0.82 or 1.35%. Middle East Tensions Weighing on Crude On Wednesday, crude oil jumped 3.3%, its largest one-day jump since November 1st. Crude shot higher on the news after a report that Yemeni’s Houti rebels had intercepted a Saudi fighter jet. As well, there have been violent protests in cities across Iran, ... (full story)