Oil Markets' Rollercoaster Ride: What's Behind the Latest Volatility? The oil market's erratic behavior has become all too familiar in recent months.
The latest news about a potential deal between the US and Iran is no exception, with crude prices plummeting by as much as 5. 2% to $98. 12 a barrel.
A deal between the two nations was widely anticipated, given the prolonged crisis in the Persian Gulf region.