NYMEX Oil Complex Called Higher on Short-covering but Volatility Remains

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NYMEX Oil Complex Called Higher on Short-covering but Volatility Remains

February 08, 2010 8:47:AM ET

By John Troland

Houston, TX February 8, 2010 8:47 AM ET
The March NYMEX crude, RBOB gasoline and heating oil contracts are called to open higher on some short-covering but with volatility still high, prices could actually begin the open outcry session on a negative note.
In over night trading prices March WTI jumped as much as a $1.20 on short-covering before selling off and actually moving slightly below Friday's settle before regaining some ground. The sharp moves were a major feature last week and early indications.......

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