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Volatility continued to buffet markets overnight and was most visible in the oil pits, where the commodity fell another 3% after having broken its apparently unstoppable momentum. A rise to $75 per barrel was quickly reversed once apprehensions about on-going demand surfaced yesterday. US inventory data came due today, and it showed a rise - at least as tracked by the API. The more widely followed EIA report also showed a gain in stockpiles - to the tune of 200,000 barrels in the week that ended August 21.
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