Oil Volatility Here to Stay Regardless of OPEC Decision
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Whatever the outcome of tomorrow’s OPEC meeting, options traders are betting on oil-price swings.
That’s because the decision from the Organization of Petroleum Exporting Countries isn’t likely to make much difference. Slowing global demand and a U.S. shale-drilling boom has created a glut that won’t fade any time soon, said Torbjoern Kjus of DNB ASA in Norway.