Oil prices were volatile, yesterday, they fell in response to the report of Q1 GDP being revised downward to 1.8%, but then rallied on the realization that the report gives the Fed precisely the cover it needs to continue to its bond buying program in unadulterated fashion. Crude oil prices have fluctuated, along with other markets, on the feared loss of a pillar of support in the form of the latest bout of QE.
Energy Overview — TotalView™ of the Energy Markets