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Bloomberg reported that oil options volatility surged after the underlying futures declined.
Bloomberg reported that oil options volatility surged after the underlying futures declined.
As quoted in the market news:
Crude fell as much as 2.2 percent after the ECB said its balance sheet grew to 2.73 trillion euros ($3.55 trillion) after it lent financial institutions more money last week to keep credit flowing to the economy during the debt crisis.