The Spectator Index - OIL VOLATILITY - Crude oil surged by 30% and hit $117 - Reversed gains on reports of G7 countries considering release of emergency reserves, with price falling to $98. - Rose again to $106 - Steady declines since then, now down to $93.

OIL VOLATILITY - Crude oil surged by 30% and hit $117 - Reversed gains on reports of G7 countries considering release of emergency reserves, with price falling to $98. - Rose again to $106 - Steady declines since then, now down to $93.