Oil Ends Volatile Friday on Slight Decline

摘要

There was sound, there was fury, and ultimately oil prices ended the session little changed. Friday saw another session of wide price swings for oil futures, with the market navigating strong crosswinds in the aftermath of Opec and its allies’ decision to maintain plans to boost production. While the Opec news initially sent oil prices skittering, trading action reversed itself after the bloc signaled it would shift its strategy according to market performance and that it was not actually closing its meeting.