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Oil Options Volatility Lowest in 2 Weeks, Futures Advance
Apr. 25, 2013 04:56PM PST
Resource InvestingBloomberg reported that crude oil options declined to a 2-week low at 20.58% as futures advanced on better-than-expected US jobless claims.
Bloomberg reported that crude oil options declined to a 2-week low at 20.58% as futures advanced on better-than-expected US jobless claims.
As quoted in the market news:
West Texas Intermediate oil for June delivery advanced $2.21 to $93.64 a barrel on the Nymex, a sixth consecutive gain, after applications for jobless benefits slid to 339,000, the Labor Department reported. That was the lowest level since March 9. Economists surveyed by Bloomberg predicted 350,000 claims.