Oil rallies after sharp sell-off

Oil prices were volatile on Monday, buffeted by fluctuations in the currency market and conflicting signals from producers. The day began with what traders called a technical rebound, bucking the stronger trend in the dollar, and rebounding after the violent swings towards the end of last week. On Thursday, Nymex crude soared more than $6 above $122 a barrel, but it sank on Friday to close the week at $114.59.... [read full story]                    

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