Oil Volatility Doubles, Price Hits $105 a Barrel

Oil futures are bubbling upward thanks to the unrest in the Middle East, sending crude’s 20-day volatility rating skyrocketing to 29.4—more than double the all-time-low of 12.6 it set at the end of December, Bloomberg reports. In London, Brent crude sold for more than $105 a barrel today, setting a two-year high.

“Prices gyrate wildly with each new headline,” one energy analyst says. “If more moderate and friendly-to-the-West governments like Jordan or Bahrain topple, $100 may not be so ridiculous as it seemed only a few days ago.” (More oil futures stories.)