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Oil Market Storm Clears as Prices Stabilize on Output Deal

Crude volatility index declines to lowest level since January
Prices seen stable until next OPEC meeting: Samsung Futures

Video player cover image — Is Now the Right Time to Invest in Oil?

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March 4, 2016, 5:35 AM UTCUpdated onMarch 4, 2016, 9:22 AM UTC

Oil is pulling away from the market’s biggest storm in seven years.

A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy eases amid a potential pact between the world’s largest producers to freeze output.